LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed serving to utilities create a fund of as much as $21 billion to compensate future victims of wildfires sparked by the businesses’ gear or workers, an aide stated on Friday.

FILE PHOTO: Firefighters preserve watch on the Thomas wildfire within the hills and canyons exterior Montecito, California, U.S., December 16, 2017. REUTERS/Gene Blevins/File Picture

The proposal by the Democratic governor follows the chapter submitting earlier this 12 months of San Francisco-based utility PG&E Corp, which anticipates $30 billion in liabilities from wildfires which were blamed on its gear,…

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