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.
Local 101 class Friday
“Byzantine” is the word members of the nominating committee for the local flood protection authority often use to describe the complicated, multi-layered matrix of qualifications that must be met to fill a vacancy on that board.
In the Pelican State, Benjamin Franklin buys you about $109 worth of stuff.
Brittan Bush joins Liskow & Lewis, Blake David installed as the Third District Member of the Louisiana State Bar Association’s board of governors, and Simien & Miniex announces 2014 scholarship winners.
“In some cases, we’ve found that these parts are nothing more than used junk yard parts. In others, we’ve found them to be foreign knock-off parts of questionable quality.”
The old Daily Advertiser building on Jefferson Street is being rehabbed as the owner prepares to move it back into commerce.
Its fourth leader gone after two years on the job, the facility struggles to balance the tension between its two missions.
Hub City Cycles hits the ground running through small-business center opportunity.
The future of the coastal loss lawsuit could rest in hands of board’s nominating committee.
Leaders from the local tech community ponder the question: What's missing from Acadiana's tech ecosystem?
AT&T’s U-verse heads our way. Here’s what it means for you.
LITE’s virtual environments are changing the way local employees learn how to do their jobs.
Local tech gurus will go the distance to call Lafayette home.
A look at recent hires, promotions and other news from Acadiana's business community.
New Johnston Street eatery catapults to No. 1 spot in nearly 200-location chain.
By identifying companies that match the output of its post-secondary educational institutions, Lafayette is creating opportunities that keep highly trained graduates in the area.
Gideon’s Promise lauds G. Paul Marx’s work to improve the quality of indigent defense and helps train five new public defenders.
What will INNOV8 4.0 look like?
Courtesy Ford is honored; EatLafayette fêtes itself
AG says 50-year-old Terry Francis Savoy sold fraudulent Workers Compensation and Employers Liability insurance policies throughout the state.
The state's jobless rate rose to 5.4 percent in July from 5 percent in June. Louisiana's unemployment rate was 6.4 percent in July 2013.
Oil Center eatery plans drive-thru location on Ambassador Caffery
Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
Local skate shop collaborates with sneaker giant to create the "Crawfish Dunks"
Lafayette-based drilling fluids/frac sand distributor enhances service lines with purchase of Erath company.