Judge Won't Stop ConocoPhillips Alaska Drilling Construction

Law360, New York (March 12, 2014, 5:22 PM EDT) -- An Alaska federal judge on Wednesday rejected a bid by residents of an Inuit village to halt ConocoPhillips Co.'s expansion of drilling operations within the National Petroleum Reserve while they challenge the permit issued by the U.S. government, saying that stopping construction now would do more harm than good.

Residents of the village of Nuiqsut, who claim the U.S. Army Corps of Engineers violated federal environmental law in issuing a permit to ConocoPhillips Alaska Inc. to fill wetlands in order to develop one of its new...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.