The oil and gas sector is already losing an average of $14 billion a year to environmental threats to its infrastructure, according to a study by America’s Wetlands Foundation and Entergy Corp. By 2030, those losses could exceed $350 billion. The America’s Wetlands Foundation has already partnered with ConocoPhillips, Chevron Corp. her comment is here and CITGO Petroleum Corp. to build a one-mile, $1 million pilot project mitigating erosion along the Gulf Intracoastal Waterway, a shipping route used by oil and gas companies. “I would think that the larger investors in Louisiana would be willing to look at this as part of their long-term business plan,” Val Marmillion, managing director of America’s Wetlands, said. “We can figure out a way to do these projects.” But so far there is little sign that companies are clamoring to spend the millions — or billions — of dollars needed. BP Plc., Chevron Corp., Royal Dutch Shell Plc. and Exxon Mobil Corp.
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