Source: Associated Press, March 4, 2021
Posted on: https://www.advisen.com/

Attorney General Jeff Landry announced Thursday he’s backing a $100 million settlement between a dozen coastal parishes and mining corporation Freeport McMoRan to end a lawsuit over damage to Louisiana’s coastal wetlands, in what could become a landmark agreement.

The Republican attorney general’s decision to sign off on a deal immediately provoked swift criticism from organizations representing the oil and gas industry and some of his fellow Republicans who worry the agreement could set a precedent affecting dozens of other pending coastal lawsuits involving 12 coastal parishes and New Orleans against major oil companies. (New Orleans was not part of the Freeport McMoRan settlement.) Read more.