Chevron will be forced to cough up at least $740 million after a decade-long trial ruled the oil company dumped billions of gallons of wastewater into the Louisiana coast

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Chevron will be forced to cough up at least $740 million after a decade-long trial ruled the oil company dumped billions of gallons of wastewater into the Louisiana coast - Fortune

Quick Summary:

Chevron did not obtain proper permits and failed to clean up its mess, according to the lawsuit.

Yet the lawsuit held the company responsible for exacerbating and accelerating land loss in Louisiana, rather than being its sole cause.

The verdict – which Chevron says it will appeal – could set a precedent leaving other oil and gas firms on the hook for billions of dollars in damages tied to land loss and environmental degradation.