Supreme Court Rules in Favor of Chevron and Oil Companies in Environmental Liability Case
The U.S. Supreme Court ruled unanimously in favor of oil companies, including Chevron (CVX), in a case involving liability for the erosion of Louisiana's coastal wetlands. The decision overturned a state jury's verdict that had ordered Chevron to pay damages. The ruling is expected to have significant implications for environmental litigation against energy firms.
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Topics: environmental liability Louisiana wetlands oil companies Supreme Court