Chevron to Pay $740M to Restore Southeast Louisiana's Coast

Chevron Corporation (CVX) , one of the world’s largest oil and gas companies, has been ordered to pay at least $740 million to restore damages caused to the coastal wetlands of Southeast Louisiana. This landmark ruling was delivered by a jury, with the sum divided into three components, such as$575 million for land loss compensation, $161 million to address contamination and$8 million for abandoned equipment. This case, which dates back to 2013, highlights the mounting accountability energy companies are ...