California Signs $21 Billion Wildfire Relief Fund

Video credit: Wochit
Published on July 12, 2019 - Duration: 00:33s

California Signs $21 Billion Wildfire Relief Fund

California Governor Gavin Newsom signed a $21 billion bill to help fund wildfire relief, says Reuters.

The funds will help bankrupt PG&E Corp and the stateโ€™s other investor-owned utilities cover liabilities.

PG&E sought Chapter 11 bankruptcy protection in January after severe wildfires in 2017 and 2018.

PG&E equipment have been blamed for many of the blazes, including the Camp Fire that killed more than 80 people.

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