BP settles remaining Louisiana government coastal land loss claims
BP•BP reached an agreement to settle all remaining governmental land-loss claims brought against its entities by coastal Louisiana parishes and the state. The settlement is not expected to significantly affect its financial position or profitability.
1. Settlement reached
BP agreed to settle all remaining governmental land-loss claims brought against its entities by coastal Louisiana parishes and the state. The settlement is not expected to significantly affect BP’s financial position or profitability; two private landowner lawsuits seeking restoration damages over alleged marshland impacts from historical oilfield operations remain in Louisiana state courts.
