$3B LA lawsuit could ‘destroy’ gulf energy industry, critics warn, as state’s position questioned (1 Viewer)

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    U.S. energy interests warn that if the first of several expected lawsuits over decades of land loss — an issue widely acknowledged as a crisis — succeeds, it could threaten the future of American energy exploration.

    Plaquemines Parish, a coastal jurisdiction south of New Orleans — which would be called a "county" in most other states — is seeking billions in damages from Chevron due to allegations surrounding the behavior of its now-subsidiary Texaco.

    "Decades after Texaco ceased operations and was acquired by Chevron, the Parish and state have...

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