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I am a business economist with interests in international trade worldwide through politics, money, and banking. The author of RG Richardson City Guides has over 300 guides, including restaurants and finance.

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Chevron Ordered to Pay $744.6 Million for Destroying Louisiana’s Coastal Wetlands

Chevron Ordered to Pay $744.6 Million for Destroying Louisiana’s Coastal Wetlands

Oil giant Chevron has been ordered by a Louisiana civil court jury to pay $744.6 million to a parish government to help restore coastal wetlands destroyed by the company over a period of decades.

The lawsuit was the first of 42 filed against the company since 2013, reported The Guardian.

The jury found that energy major Texaco — bought by Chevron in 2001 — had been violating state coastal resources regulations by not restoring wetlands that were impacted by drilling oil wells, dredging canals and the billions of gallons of toxic wastewater dumped into the environment, The Associated Press reported.

“No company is big enough to ignore the law, no company is big enough to walk away scot-free,” lead attorney for the plaintiffs John Carmouche told the jury during closing arguments, as reported by The Associated Press.

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