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AG Jeff Landry signs onto $100M settlement offer from Freeport -McMoran

A lawsuit pursuing financial restitution for damages by a petrochemical company to Louisiana’s natural storm buffer moved forward Thursday, when the state’s attorney general signed onto a $100 million settlement agreement.

For years, parishes have been pursuing lawsuits against oil and gas companies for ripping up the state’s wetlands, furthering the state’s coastal land loss and its vulnerability to future storms. A deal signed by Louisiana Attorney General Jeff Landry involving the petrochemical company, Freeport-McMoRan, could provide a blueprint for further coastal lawsuit settlements. Read more...

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