Oklahoma has been both a driver and a beneficiary of the growing clean energy economy. Our wind industry has soared as new wind farms continue to open. More than 15 percent of the state’s energy now comes from renewable sources, creating new jobs and sparking innovation. According to The American Wind Energy Association, as many […]
energy
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After Aubrey
Aubrey McClendon Credit: Shannon Cornman The nonprofit sector was put on notice by the company in January with a U.S. Securities and Exchange Commission filing that stated Chesapeake planned to significantly curtail its charitable giving. The company did not disclose how much less it would be giving to charitable causes. Chesapeake’s 2011 annual report showed […]
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Quake questions
Credit: Brad Gregg Earthquakes measurable on the Richter Scale are now commonplace in Central Oklahoma. The “why” part has puzzled experts, but last week University of Oklahoma seismologist Katie Keranen and two other researchers weighed in with a report attributing a series of November 2011 earthquakes near Prague — including one of a 5.7 magnitude […]
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McClendon’s genius
I’ve had the good fortune to know both men, who, by any measure, are two of the most visionary entrepreneurs responsible for much of Oklahoma City’s renaissance. Chesapeake is America’s second-largest natural gas producer. Early on, McClendon and Ward realized the promise of unlocking huge deposits of natural gas by fracking. In replacing McClendon, Chesapeake […]
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Green power
Credit: Brad Gregg “Purchasing green power helps our organization become more sustainable, while also sending a message to others across the U.S. that supporting clean sources of electricity is a sound business decision and an important choice in reducing climate risk,” said OSU President Burns Hargis. Of the power that OSU purchases from Oklahoma Gas […]
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The shy, retiring type?
Aubrey McClendon Credit: Shannon Cornman Chesapeake did not offer details about why its co-founder was stepping down, but an email and statement from McClendon point toward clashes with the company’s new board of directors. In an email to Chesapeake employees, McClendon said the action was mutually agreed upon by him and the board. “Although this […]
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McClendon announces retirement from Chesapeake
The announcement came in a news release issued by the company today. McClendon, 53, has serve as the company’s CEO since the company was founded in 1989, and served as chairman of the company’s board until last year, when he stepped down amid controversy involving personal loans and company management. McClendon has faced criticism from […]
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Tom Tom, clubbed
Credit: Brad Gregg Apparently, that was just a warm-up act. Now, the news agency is examining SandRidge Energy and its CEO, Tom Ward. In a recent story, Reuters showed how some practices at SandRidge didn’t differ much from those at Chesapeake, which Ward had co-founded with McClendon. Reuters reported that Ward received $75 million in […]
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Hot or not
The Wall Street Journal reported recently that McClendon will likely remain in place as CEO after an internal investigation of his financial dealings is completed later this month. McClendon, you might remember, survived a shareholder revolt after revelations that he used his stake in oil and gas wells as collateral for more than $800 million […]
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Liquid energy
Credit: Brad Gregg That’s great news, if only the powers that be would stop trying to sabotage it. A recent issue of The Intelligence Report, published by the Southern Poverty Law Center (SPLC), features a story on Comanche County resident Paul Pantone and his invention, named the Global Environment Energy Technology, or GEET. Pantone said […]