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.