Chevron Must Pay $745 Million for Coastal Damages, Louisiana Jury Rules

A jury in Louisiana has ordered Chevron to pay $745 million to Plaquemines Parish to help restore wetlands damaged by the energy company, setting a precedent for other similar lawsuits in the state. The lawsuit alleged that Chevron, through its acquisition of Texaco, violated state law by not applying for coastal permits and failing to remove oil and gas equipment. Despite Chevron’s claims of innocence, the jury awarded the parish $575 million for land loss, $161 million for contamination, and $8.6 million for abandoned equipment, with Chevron planning to appeal the verdict.

Full Article