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Company: Freeport-McMoRan Inc.
Current Parent Company:
Freeport-McMoRan
Parent at the Time of the Penalty Announcement:
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Penalty: $100,000,000
Year: 2022
Date: October 25, 2022
Offense Group: environment-related offenses
Primary Offense: environmental violation
Violation Description: In 2022, after a long delay, a final settlement was reached between Freeport-McMoRan and government entities in Louisiana in which the company agreed to spend $100 million to repair coastal damage done by its oil and gas operations. The state signed off in 2021:
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Level of Government: state
Action Type: private litigation
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
Facility State: Louisiana
HQ Country of Current Parent: USA
HQ State of Current Parent: Arizona
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: mining and minerals
Specific Industry of Current Parent: mining
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.