Extreme weather, drought and mammoth wildfires ravaged the U.S. again this year, deepening the economic toll of climate risks and making it harder for investors and utilities to ignore.
This year alone, 15%-20% of U.S. investment-grade utilities have taken a direct hit from extreme weather events, while half of those classified as “junk” or high-yield have been impacted, according to a new Barclays report.
Barclays...