Thursday, July 25, 2013

Deferred costs of oil: destruction of wetlands and subsequent flooding

La. Flood Board Sues Oil Industry Over Wetlands : NPR: "On Wednesday, the board sued the industry, arguing that it is responsible for a big part of the problem, and hasn't paid its fair share to protect the city.

Barry says the industry contributed to the problem in a couple of ways: By sucking the oil and gas out of the ground, it caused the land to sink. The industry has also dug thousands of miles of channels to lay pipeline and reach well sites, which allows saltwater to seep in to swamps and marshes."

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