Oil Industry Lobby Group Files for Chapter 11

oil industry
Photo by Dimitry Anikin on Unsplash

The California Independent Petroleum Association (CIPA) has filed for a Chapter 11 restructuring plan in the state bankruptcy court. The California-based oil industry lobby group could not pay over $2 million after several groups arranged a lawsuit against them.

The California Independent Petroleum Association is a non-profit, non-partisan trade association. It consists of 450 oil and natural gas producers, royalty owners, and service and supply companies. In addition, it is currently operating in California, USA.

State Court Makes CIPA Pay $2 Million for Lawsuit

CIPA filed the "Strategic Litigation Against Public Participation" (SLAPP) suit against youth groups from South Los Angeles and Wilmington, The Center of Biological Diversity, and the city of LA. Consequently, the Cen...

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