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Oil giants settle first of Louisiana coastal suits; value of Cameron Parish deal unknown

Por: The Advocate Business December 12, 2023

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Cameron Parish and the state of Louisiana have reached what could be a landmark  with the oil giants BP, Shell and Hilcorp in the first such deal in the  filed by parishes seeking billions of dollars of compensation for coastal wetland damages caused by oil and gas operations.  The parties informed 38th Judicial District Court Judge Penelope Richard on Monday morning that a settlement had been reached, according to Richard's court clerk.... + full article



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