April 4 (Reuters) - Chevron ( CVX ) was ordered to pay $740 million to restore damages
the oil and gas major caused to southeast Louisiana's coastal wetlands, the Associated Press
reported on Friday.
The ruling - delivered by a jury - awarded $575 million for land loss compensation, $161
million to compensate for contamination and $8 million for abandoned equipment, the report
added.
The lawsuit was originally filed by the Plaquemines Parish, a rural district in Louisiana,
in 2013.
Louisiana coastal laws mandate that all mineral and exploration sites used by energy
companies must be "cleared, revegetated, detoxified, and otherwise restored as near as
practicable to their original condition upon termination of operations."
However, jurors found that Texaco - a company acquired by Chevron ( CVX ) in 2001 - violated the
state's regulations governing coastal resources by failing to restore wetlands impacted by
dredging canals, drilling wells and billions of gallons of wastewater dumped into the marsh, the
AP said.
Chevron ( CVX ) did not obtain proper permits and failed to clean up its mess, leading to
contamination from wastewater stored unsafely or dumped directly into the marsh, the report
added, citing the lawsuit.
Chevron ( CVX ) and Plaquemines Parish Government did not immediately respond to requests for
comment.