A Louisiana jury has determined that Chevron is liable for approximately $745 million in damages. This sum is intended to aid the restoration of wetlands, which the jury found the energy company had negatively impacted over a prolonged period.
The verdict, delivered on Friday, is anticipated to have significant implications. It is expected to influence similar legal actions initiated by other parishes within the state. Furthermore, it may impact settlement discussions between these parishes and other major energy companies.
The lawsuit was initiated by Plaquemines Parish. It represents one of at least forty such cases filed by coastal parishes against fossil fuel companies since 2013.
The core of the lawsuit alleged that Texaco, which Chevron acquired in 2000, had contravened state regulations for many years. The violations included a failure to obtain necessary coastal permits and a failure to remove oil and gas infrastructure after ceasing operations in an oil field located in Breton Sound, southeast of New Orleans.
5 Comments
Matzomaster
This is a victory for the environment and the people of Louisiana!
Karamba
Another example of the government punishing success. Chevron provides jobs and energy.
Rotfront
Is the money actually going to the wetlands, or lining someone else's pockets?
Karamba
$745 million? That's a massive hit! Wonder how this will affect gas prices.
Rotfront
Hopefully, this will force other companies to reassess their practices.