Louisiana’s Sinking Coast Is a $100 Billion Nightmare for Big Oil

The state can’t pay, so someone has to. And the water keeps rising.

The Phillips 66 oil refinery on the bank of the Mississippi River in Plaquemines Parish, near the Louisiana Coastal Protection and Restoration Authority’s Bayou Dupont Marsh and Ridge Creation. — The Phillips 66 oil refinery on the bank of the Mississippi River in Plaquemines Parish, near the Louisiana Coastal Protection and Restoration Authority’s Bayou Dupont Marsh and Ridge Creation.
Photograph: William Widmer/Redux

By Catherine Traywick

August 17, 2016 at 5:00 AM EDT

Updated on

August 17, 2016 at 9:38 AM EDT

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