Florida To Buy Part Of Everglades To Protect Them From Oil Drilling
Thursday, 16 January 2020 () Florida has agreed to buy part of the Everglades wetlands to protect the sensitive ecosystem from oil drilling, Reuters reports, citing an announcement by the Florida governor. The deal, which will involve 20,000 acres, will be the largest acquisition of wetlands in Florida in ten years. The seller is Kanter Real Estate LLC, which had requested a permit for oil exploration in the area from the state. The Environmental Protection Department denied the permit, Kanter sued and the court ruled in favor of the company. But the family-owned real estate…
In trading on Friday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.2%. Helping drag down the group were shares of Pacific Drilling, down about 9.4% and..
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