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Just a few months ago, shares of PG&E, the California utility, were trading near $50 share. That was before the company's power lines were blamed for California's devastating forest fires. This week the company filed for bankruptcy. It's a clear example of how climate change has imperiled companies and investors. In this episode of The Readback, Alex Eule is rejoined by Barron's senior writer Leslie Norton who has just finished a major project ranking how big companies are exposed to climate risk. The Readback is a weekly, financial podcast from Barron's. Hosted by Alex Eule and produced by Mette Lützhøft. Learn more about your ad choices. Visit megaphone.fm/adchoices