The fast-spreading wildfires in Maui have sent shares of Hawaiian Electric down more than 60%.
With yields generally considered safe, utility stocks have long been a favorite income play for retirees. Yet climate change may put those plans at risk. The wildfires in Maui are just the latest example of severe weather and the peril facing utilities. Hawaiian Electric , which currently has a 10.5% dividend yield, has been battered amid concern over its potential liability for the fires, which killed at least 114 people. Some 850 are still missing. Shares have tumbled nearly 63% since Aug.
" Climate change's impact Climate change is altering not only the Earth's temperature, but also precipitation patterns, said Zachary Zobel, risk associate director at Woodwell Climate Research Center. Those patterns are moving more towards a "boom or bust cycle," he said. Yearly rainfalls are not really changing but there are fewer events, which leads to longer dry periods, he explained.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Kansas and Illinois to turn private scrimmage into televised fundraiser for Maui wildfire victimsKansas and Illinois will play a televised basketball exhibition Oct. 29 with the proceeds benefitting the Hawaii Community Foundation Maui Strong Fund, Kansas announced Friday.
Consulte Mais informação »
Biden Urged to Back Hawaiian Cases Against Big Oil Ahead of Maui VisitThe historic blaze that leveled Lahaina has sparked national conversations about the climate emergency.
Consulte Mais informação »
Maui Official Responsible for Delaying Water Release ReassignedM. Kaleo Manuel, the Hawaii Department of Land and Natural Resources (DLNR) deputy director of water management, has been reassigned.
Consulte Mais informação »
Hawaii wildfire 'added' to family's tragedy and turmoil: Samaritan's Purse reveals devastation in MauiAs wildfires on the island of Maui in Hawaii have left at least 110 people dead with many more still missing, Samaritan's Purse, the Christian relief group, is on the ground helping victims.
Consulte Mais informação »
Coming home to cover the devastation on Maui: Reporter's notebookThe news I was reading didn't make sense: the town of Lahaina destroyed, what did that even mean?
Consulte Mais informação »