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Some businesses view the environment as a compliance issue, a regulatory issue, something that inhibits growth and progress. At PG&E, we take the opposite view. The way we manage our environmental impacts; find better, more innovative ways to meet environmental standards; and step out on important environmental matters is a source of pride for our employees. It also means that our communities can breathe easier and continue to enjoy California and all its beauty. And it means that our shareholders can be assured that we are proactively reducing environmental risks, performing work more efficiently, and identifying opportunities.