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California governor proposes a $21 billion wildfire fund

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California governor proposes a $21 billion wildfire fund

California governor proposes a $21 billion wildfire fund

According to Reuters, California Governor Gavin Newsom has proposed helping utilities create a fund of up to $21 billion to compensate future victims of wildfires sparked by the companies’ equipment or employees.

The proposal by the governor follows the bankruptcy filing earlier this year of by utility company PG&amp;E Corp.

Newsom has proposed the $21 billion fund to compensate wildfire victims in blazes tied to utilities, such as when a downed power line sparks a blaze

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