Companies Expect Climate Change to Cost Them $1 Trillion in 5 Years

In January, climate change claimed its first corporate victim. Facing billions in liabilities after contributing to some of California’s deadliest and most devastating wildfires, PG&E filed for Chapter 11 bankruptcy protection. This spring, flooding in the Midwest ruined fields, grain silos, and infrastructure. The agriculture conglomerate Archer Daniels Midland reported that the floods would cost …

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