Chevron Ordered to Pay $744.6 Million for Destroying Louisiana’s Coastal Wetlands
Chevron Ordered to Pay $744.6 Million for Destroying Louisiana’s Coastal Wetlands
www.ecowatch.com
Chevron Ordered to Pay $744.6 Million for Destroying Louisiana’s Coastal Wetlands - EcoWatch
cross-posted from: https://slrpnk.net/post/20533605
Chevron has been ordered to pay $744.6 million to a Louisiana parish government to help restore coastal wetlands the company destroyed.
A bargain at twice the price.
"Revenue: US$202.8b (up 4.1% from FY 2023).
Net income: US$17.7b (down 17% from FY 2023).
Profit margin: 8.7% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. "
Plus they won't even end up paying that much.