Chevron CEO Mike Wirth rejected fears of an imminent U.S. recession during a Tuesday appearance on CNBC’s “Squawk Box,” emphasizing long-term investment strategy over short-term economic jitters. While acknowledging a slowdown in economic growth, Wirth maintained there were no current indicators pointing to a recession.
In a historic ruling with major implications for Louisiana's energy sector and environmental restoration, a jury in Plaquemines Parish on Friday ordered Chevron to pay $744 million in damages for its role in coastal wetlands destruction. The verdict is the first of 42 lawsuits filed since 2013 by coastal Louisiana parishes targeting decades of alleged environmental violations by oil and gas companies.
