Freeport-McMoRan has settled a coast landloss lawsuit in Louisiana involving 12 parish governments for $100 million in cash and environmental credits.

摘要

John Carmouche, an attorney with the Baton Rouge law firm of Talbot, Carmouche & Marcello, said the settlement represents the first with one of the oil and natural gas companies accused of damaging the state's coastline since the early 1900s by cutting thousands of miles of canals. The attorney said that Freeport-McMoRan's wells accounted for only about 4% of those drilled in the coastal zone.