CTS and CPT are the two major companies behind the hydraulic fracturing (or fracking) technique known as fracking.
CTS is also the industry leader in the field of environmental engineering.
In recent years, CPT has also been involved in the development of high-speed rail, and a large part of the company’s revenue comes from its investments in high-frequency trading (HFT).
However, CTS recently received a lot of attention in recent years for its role in a series of lawsuits filed by a number of states and local governments, including Texas, Oklahoma, and West Virginia.
In those lawsuits, CTA and CTP accused the companies of violating the Clean Water Act by operating an “industrial scale, high-volume, energy intensive, and risky” oil and gas operation.
The lawsuits allege that CTA engaged in practices including drilling wells with water in them, pumping chemicals into underground oil and natural gas reservoirs, and using a “vast and growing network of underground storage tanks to store and process wastewater.”
These practices, the lawsuits said, were “extremely dangerous, and were detrimental to public health and safety.”
The lawsuits were filed in February, and the plaintiffs have now been issued a list of more than 100 oil and energy-related companies that have filed their own class actions against CTA.
In response to the lawsuits, and in the wake of the Supreme Court ruling, the companies’ attorneys have said that the lawsuits are baseless and should be dismissed.
CTA has responded to the litigation, issuing a statement on its website, saying that the allegations “are baseless, without merit, and have no merit in law or fact.”
CTS has also responded to this week’s legal action.
In a statement, CTC said that its legal team has taken every legal action possible to defend our industry and its customers and employees.
“As a result of our continuing investigations, CTP has been compelled to cease all activity related to hydraulic fracturing, including its drilling operations,” the statement said.
“We are committed to ensuring that the oil and water that we extract does not harm our environment and our employees.
We will continue to work with state and local agencies and our customers to protect the public and ensure that our industry is safe and healthy for all.”
The Texas attorney general has also filed a civil lawsuit against CTS, and is expected to seek a permanent injunction that would prevent CTA from further fracking.
However, while CTA is currently appealing the lawsuit, it also noted that the company has “no intention of standing in the way of the settlement or the enforcement of the Clean Air Act.”
In other words, CTO has acknowledged that the court’s decision could have a long-term effect on its business.