this post was submitted on 16 Aug 2026
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[–] fyzzlefry@retrolemmy.com 1 points 4 days ago* (last edited 4 days ago) (1 children)

Wow no one reads articles, looks like insurance companies and hedge funds are taking advantage of the utility companies. But yeah nEwSoMe bAd

"Insurance companies have launched an ad campaign against what they call a potential “utility bailout,” that would leave them unable to recover from the power companies the costs of paying homeowners’ insurance claims."

"Newsom and the lawmakers say utilities are held responsible for too much after a wildfire and that bad actors like hedge funds are taking advantage to get a cut."

[–] return2ozma@lemmy.world 1 points 4 days ago

Then you don't know Newsom...

How Newsom protected PG&E https://youtu.be/YTRX_SWw-9c