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Oil industry calls coastal erosion settlement authorized by Landry misguided, flawed

Louisiana oil industry representatives and others blasted a multi-million-dollar coastal-erosion settlement authorized Thursday by Attorney General Jeff Landry as misguided and flawed, arguing that it fails to address the underlying issue of coastal restoration

At a press conference Thursday, Landry cautioned against fragmented litigation that can harm the oil and gas industry and ignore the federal government’s role in advancing shoreline damage. But he said the memorandum of understanding the state has entered with Freeport-McMoRan Inc. will be in Louisiana’s long-term interest. Read more...

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