Louisiana AG Landry Authorizes Settlement Between Oil Company, State

BATON ROUGE – Louisiana Attorney General Jeff Landry announced Thursday he signed off on a deal to resolve litigation involving an oil-and-gas company and coastal parishes alleging environmental damage.

The Louisiana Legislature would have to create the framework to implement the deal between Freeport-McMoRan and the state, with the proceeds going to projects consistent with Louisiana’s coastal restoration plan, Landry said. Read more...