Formosa Plastics, which is slated to build a $9.4 billion plant St. James Parish, has entered into a $50 million settlement in a lawsuit filed against the company for allegedly polluting a Texas bay with plastic pellets.
Formosa Plastics Corp., San Antonio Bay Estuarine Waterkeeper and Calhoun County resident Diane Wilson reached the settlement this morning, according to a U.S. District Court filing in Victoria, The Houston Chronicle reports.
Company officials did not immediately reply for comment but Wilson called it a victory for the environment.
Environmental groups, including the Center for Biological Diversity and the Louisiana Bucket Brigade, opposed to Formosa’s plans in Louisiana say the settlement is a “big warning to Louisiana.”
Construction on Formosa’s multi-billion-dollar plastics plant in St. James Parish is slated to begin within the next year, and the plant has been touted as a win for the Louisiana economy. Read the full story from the Houston Chronicle.
