California Governor Rejects $13.5 Billion PG&E Settlement With Wildfire Victims

California Gov. Gavin Newsom on Friday rejected Pacific Gas and Electric’s $13.5 billion settlement with wildfire victims, making a major setback in the utility’s attempt to emerge from bankruptcy by June 30 in order to gain access to a $20 billion state-sponsored insurance fund for future wildfires.

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Refinery Explosion

After a February 2015 explosion and chemical release at an ExxonMobile refinery in Torrance, California, the U.S. Chemical Safety and Hazard Board made hundreds of requests for information from the oil company. A federal court improperly determined that five of those requests were unenforceable, the Ninth Circuit ruled.

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