One Step Forward

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A billowing sigh of relief was heard from oil and gas companies all across Louisiana, and with that sigh, came a little boost of confidence. On Friday, the United States 5th District Court of Appeals affirmed a lower-court’s dismissal of the Southeast Louisiana Flood Protection Authority’s East (SLFPAE) lawsuit against nearly 100 oil and gas companies. In June of 2013, the Flood Protection Authority filed a lawsuit

against oil and gas companies claiming that years of oil and gas exploration and production activity had damaged coastal wetlands and that this activity threatened the integrity of hurricane levees. This lawsuit is merely one example where the oil and gas industry is being targeted with unnecessary and costly lawsuits.

One of the often spoken mistruths by these attorneys is that the industry is not properly regulated, but according to George Mason University’s Mercatus Center, the oil and gas industry is one of the most regulated industries in all of the United States, with Louisiana standing on top as the most regulated state…

 

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Posted in: LOGA News

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