Loading...
The Associated Press
Host
I'm Ben Thomas with an AP News Minute. The Supreme Court's handed a win to oil and gas companies
fighting lawsuits over coastal land loss and environmental degradation in Louisiana.
The procedural decision gives the companies a new day in federal court. After a state jury
ordered Chevron to pay upward of $740 million to clean up damage to the state's coastline,
one of multiple similar lawsuits. The companies were backed by the Trump administration
and argued that the case belongs in federal court because they began production and refining
during World War II as U.S. contractors. Louisiana's coastline parishes have lost more than 2,000
square miles over the past century. And this is Dwyer. Oil prices plunged today,
Brent crude settling just above $90 per barrel and stocks rallied the S&P up 1.2 percent than
Aztec 1.5 and the Dow 1.8 percent gaining 868 points. I'm Ben Thomas.
AP Newswatch: Top Stories from the Associated Press