The deal comes a week after a federal appeals court sent a similar lawsuit, also led by Carmouche, back to state court for trial, potentially clearing the way for more than 40 similar suits that allege billions of dollars in coastal wetland damages by oil and gas companies to also move forward.
Interesting article about how the State of Louisiana is trying and succeeding on getting money from the oil companies because of the damage that they did the wetlands. I'm for nature and the environment as much as anyone, but the State made a deal with big oil and taxed them plenty, going back now and saying that they caused damage is not exactly fair in my book. The State made a bad deal, but a deal is a deal.....
Read the full story here....
https://www.nola.com/news/environment/article_0967e5b6-54a5-11ed-a528-cfe5d6983261.html
I guess they figured to settle now and cut the losses.
Yeah, the lawyers aren't free, lol
From the articles that I read the State is going to need that money for their restoration projects.
They'll go through that in one project. :(
It seems subjective to me, how much damage was done to the wetlands because of their drilling for oil? In dollars.
Yeah, it's not like they are putting it back to where it was, that's not possible at this point.