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Louisiana's sinking coast a US$100 billion nightmare for Big Oil

Monday, August 22, 2016 - 05:50

Washington

FROM 5,000 feet (1.5 km) up, it's difficult to make out where Louisiana's coastline used to be. But follow the skeletal remains of decades-old oil canals, and you get an idea. Once, these lanes sliced through thick marshland, clearing a path for pipelines or ships. Now they're