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California’s new $21 billion wildfire fund is awaiting decisions from three major investor-owned power utilities to provide half of the money needed to offer relief to victims of future fires.

Pushed by first-year Gov. Gavin Newsom to act before their summer recess, California legislators on Thursday passed a more comprehensive approach to providing citizens and major electricity providers protection against the devastating physical and financial impacts of wildfires. Newsom signed the bill Friday morning.

Calgary-based private equity Waterous Energy Fund LP has closed its debut fund and raised C$1.4 billion ($1 billion) in committed capital, exceeding an original target of C$1 billion.

The devastation from Hurricane Harvey will be difficult to overcome, but the energy industry is making an effort to ease the pain by donating money and time to relief efforts along the Gulf Coast.

Newly formed Sabinal Energy LLC has received a $300 million equity commitment from Kayne Private Energy Income Fund LP to prowl for oil and natural gas properties primarily in the Rockies, Midcontinent and Texas.

Ridgewood Energy Corp., which has put together funding for deepwater Gulf of Mexico (GOM) projects for the last couple of years, on Tuesday said it had completed a private equity fund for $1.9 billion, more than it raised early last year when commodity prices were higher.

Eyeing increased federal revenues from the opening of the nation’s energy plays to foreign investment, Mexico’s federal government recently established a special fund in the Bank of Mexico, the nation’s central bank.

One of the first families of Big Oil — that of Standard Oil Co. Inc. co-founder John D. Rockefeller — on Monday said its philanthropic fund was swearing off fossil fuels.

One of the first families of Big Oil — that of Standard Oil Co. Inc. co-founder John D. Rockefeller — on Monday said its philanthropic fund was swearing off fossil fuels.