Hawaiian Electric Stock Plunges After Maui Fire. What to Watch Next. - Barron's
Hawaiian Electric Stock Plunges After Maui Fire. What to Watch Next. | Barron's
Hawaiian Electric Stock Plunges After Maui Fire. What to Watch Next.
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The blaze damaged or destroyed 2,200 buildings in Lahaina, Hawaii, according to an initial assessment. Patrick T. Fallon/Getty Images
Shares of Hawaiian Electric Industries plunged as much as 41% on Monday amid accusations that downed power lines may have caused the wildfire that destroyed the town of Lahaina, Hawaii, and killed at least 93. The stock closed down 34% for the day.
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What began as a theory in the 1890s — that industrial emissions of carbon dioxide could increase global temperatures — had progressed to a scientific fact a century later. Scientists across a range of disciplines are studying the impact of the still-growing concentration of carbon dioxide and other so-called “greenhouse gases” in the atmosphere as they call for industrial and governmental policies to slow, then halt, the warming of the planet.