Oil company Chevron must pay $744.6 million to restore damage it caused to southeast Louisiana's coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making.
Is that even a meaningful amount of money to Chevron? These lawsuits need to start being measured in percentages of the company’s value rather than fixed dollar amounts. Ruin a coastline? We’re taking at least 20% of your company.
Is that even a meaningful amount of money to Chevron? These lawsuits need to start being measured in percentages of the company’s value rather than fixed dollar amounts. Ruin a coastline? We’re taking at least 20% of your company.