Jury Orders Chevron To Pay Over $744M For Destroying Louisiana Wetlands [1]
"Verdict marks end of the first trial of 42 lawsuits filed about 12 years ago, alleging firm’s projects destroyed the regions"
"Chevron has been ordered to pay more than $744m in damages for destroying parts of south-east Louisiana’s coastal wetlands over the years.
The ruling, which came in the form of a civil jury verdict on Friday, marks the conclusion of the first trial among 42 lawsuits filed about 12 years earlier which alleged that the company’s oil and gas projects have led to the degradation of the region’s wetlands. Among other things, the wetlands play a key role in offering the area a measure of protection from hurricanes.
The jury found that the oil brand Texaco, which is owned by Chevron, violated state regulations surrounding coastal resources by contributing to the disappearing coastline through dredging canals, drilling wells and dumping massive amounts of wastewater into the marsh.
The verdict could prompt other companies to settle the other separate but similar lawsuits. Nonetheless, Chevron’s attorney, Mike Phillips, said that the oil company intends to appeal the verdict."