EIX is responsible for burning down an entire neighborhood
Posted: Jan 13, 2025
- Southern California Edison (EIX) potentially responsible for Eaton Canyon Fire
- Historic winds in Los Angeles caused fires
- PCG settlement for Camp Fire cost $13.5B, bankrupted PCG
- Predicting similar settlement for Edison
- Predicting stock price drop to around $38
- Tragedy exploited for profit, companies prioritize profits over safety
- No corporate responsibility or punishment for companies neglecting safety
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