Western States Battle Over Legislation as Berkshire Hathaway Seeks Wildfire Liability Shields for Utilities
As multiple western states grapple with the escalating frequency and ferocity of wildfires, a major corporate player, Berkshire Hathaway, has been aggressively promoting legislation that could reshape the financial landscape of disaster accountability. Operating through its subsidiary PacifiCorp, which services several states, Berkshire Hathaway seeks to limit its financial liability and streamline its defense mechanism in wildfire-related court cases. The company’s strategic legislative push focuses on reducing potential payouts to wildfire victims and capping the liability if its utility equipment sparks a blaze. This move has stirred a rapid and robust response from various quarters, … Read more