The Public Accountability Initiative duly revealed that Groat is on the board of Plains Exploration and Production, which paid him $413,000 in cash and stock last year. Since 2007 Groat has received $1.6 million in stock alone from the company, according to SEC reports.Read more here.
So the frackers’ clean bill of health is highly suspect, UT research money is down the drain and the Water Institute is dragged collaterally into the mud. Groat himself has paid no price, unless, contrary to the evidence here, he has a sense of shame. The Energy Institute’s director, Raymond Orbach, who didn’t know about Groat’s conflict, now blows it off, claiming that, although it should have been disclosed, it made no difference to the study’s conclusions.
Perhaps Orbach is embarrassed by his own failure to check out Groat’s background. Orbach also may have failed to read UT’s ethics policy, which includes the standard warning against real or apparent impropriety.
Such written instructions should be superfluous, for a rudimentary sense of decency would have persuaded Groat to remove himself from the study. But, once found out, he maintained he was under no obligation even to mention that he was making a fracking fortune on the side.
Jefferson Street restaurant and pub debuts during Festival with limited menu.
State bar foundation bestows honor on founder and managing partner of NeunerPate
National awards recognize outstanding achievement in leadership development and leadership programs
A federal court magistrate has issued a seven-page schedule of hearings, conferences and deadlines leading up to January’s trial aimed at determining how much money BP will owe in Clean Water Act fines as a result of its 2010 Gulf of Mexico oil spill.
The state’s “greedy trial lawyers” haven’t scared this oil giant away.
Smaller Microsoft Store installations sell a wide array of Microsoft products (Windows phones, Surface tablets and Xbox consoles) but don’t include everything.
See cutting-edge technologies Thursday in brief presentations/demonstrations from 3rd Dimension Media, C&C Technologies, Cimation and UL Lafayette School of Engineering.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Cypress Bayou GM hosts open house.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
His company bankrupt and being liquidated, the Lafayette businessman’s financial troubles are mounting.