Oil and Gas Companies Dodge a Bullet
The Advocate reports on a Louisiana Supreme Court decision last week that found oil and natural gas companies are not obligated to fill in marsh canals under the terms of their leases. Ray Ward discussed the case on this site last week.
In writing the majority opinion, Chief Justice Pascal Calogero acknowledged that the case had "proven to be difficult" because it pitted the state's interest in restoring its tattered coast against "the equally important concerns of adherence to the law and respect for the rights of contracting parties."
Posted by AJR at January 24, 2005 07:54 AM