California wildfires

Flooding's national security risk

Illustration: Rebecca Zisser/Axios

In just the past 12 months, Nebraska floods, Carolina and Florida hurricanes and California wildfires have put military installations in peril, ravaging buildings and doing billions in damage.

The big picture: The national security consequences of climate change, mainly through extreme weather events, are here and now, Axios Science editor Andrew Freedman emails.

Corporations' bankruptcy dodge

Illustration: Aïda Amer/Axios

If you're an executive who doesn't feel like making tough decisions about corporate priorities — like PG&E's potential climate liabilities or Citgo's Venezuela ties — there's always an alternative: file for bankruptcy.

My thought bubble: These problems are not what America's bankruptcy regime was designed to solve. Bankruptcy is messy and expensive; what's more, judges don't tend to make great corporate executives. But it's easy to see why an executive holding a hot potato might be tempted to pass it on to someone — anyone — else.

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