Victims of California's mega-fire will sue electricity company
LOS ANGELES -
Victims of California's most destructive wildfire have filed a lawsuit accusing Pacific Gas & Electric Co. of causing the massive blaze.
The suit filed on Tuesday in state court in California accuses the utility of failing to maintain its infrastructure and properly inspect and manage its power transmission lines.
The utility's president said earlier the company doesn't know what caused the fire, but is cooperating with the investigation by state agencies.
PG&E told state regulators last week that it experienced a problem with a transmission line in the area of the fire just before the blaze erupted.
A landowner near where the blaze began said PG&E notified her the day before the wildfire that crews needed to come onto her property because some wires were sparking.
A massive class action after Australia's last mega-fire, Victoria's Black Saturday in 2009, saw $688.5 million paid in compensation to thousands of claimants affected by the Kilmore-Kinglake and Murrindindi-Marysville fires, partly by electricity company SP Ausnet, and partly by government agencies.
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How Bitcoin's vast energy use could burst its bubble
LONDON - The University of Cambridge Centre for Alternative Finance (CCAF) studies the burgeoning business of cryptocurrencies.
It calculates that Bitcoin's total energy consumption is somewhere between 40 and 445 annualised terawatt hours (TWh), with a central estimate of about 130 terawatt hours.
The UK's electricity consumption is a little over 300 TWh a year, while Argentina uses around the same amount of power as the CCAF's best guess for Bitcoin.
And the electricity the Bitcoin miners use overwhelmingly comes from polluting sources.
The CCAF team surveys the people who manage the Bitcoin network around the world on their energy use and found that…
