Chesapeake Energy to spend $1 billion on natural gas technology
Posted on July 11, 2011 at 3:25 pm by Associated Press
NEW YORK (AP) — Chesapeake Energy, the nation’s second largest producer of natural gas, plans to invest $1 billion over 10 years in technologies designed to spur demand for the fuel.
Yet, they won’t spend a dime on employing the existing technologies that would prevent some of the problems (green completions and vapor recovery and green fracks) and make the public less resistant to drilling.
Here CHK flares a gas well near the Trinity Trails in Fort Worth when they could have used a green completion.
Chesapeake, based in Oklahoma City, said Monday that it will invest $150 million in Clean Energy Fuels Corp., based in Seal Beach, Calif., to build natural gas fueling stations at truck stops.
Chesapeake also agreed to spend $155 million for a 50 percent stake in Sundrop Fuels Inc., based in Louisville, Colo. Sundrop uses natural gas and plant materials to create liquid fuels like diesel and gasoline.
I guess they think pumping more propaganda at us and distributing some coloring books to our children will change our minds.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
- Web |
- More Posts(5116)
CHK sure is spending big $$ to find a use for their bad dirty gas!! There is a giant over supply of natural gas!!
Next thing up will be $$Boone Pickens$$ has a plan co-sponsored by $$Chesapeake$$ to convert natural gas to drinking water. They'll be testing it on a few neighborhoods, first. If only the young, old and infirmed die, then it's a huge success$$$
Nah, they're going to use technology to invent some imitation water.
Or, taxpayers will pay to drill down to the injected wastewater, pay to clean that up and only the wealthy will be able to buy it.
But wait,
Isn't this the same CEO that wants a subsidy from the Government?
So why would they need a subsidy if they have so much cash to blow?
I don't understand.
😉
Oh, yea wait, it's because it's fracking crazy.
Oh and I bet, this guy wants less government, too.
Less government, give me a subsidy.