Chesapeake Energy

Emails Reveal Trump Admin Mulling Big Oil Plan to Transfer Public Land to States

Read time: 8 mins
Gold Butte National Monument, Nevada

During its first year under Donald Trump, the U.S. Department of Interior has coordinated closely with the oil and gas industry to accomplish its priorities on the nation's expansive federal lands. Among them: considering a plan to transfer control of oil and gas development on public lands to the states. This revelation comes from emails and documents obtained by the Western Values Project through the Freedom of Information Act (FOIA).

The key coordinator of this plan has been Timothy Williams, who has served as the go-between for the oil and gas industry and Interior Department. Williams, deputy director of the agency's Office of External Affairs, formerly served as the field director of the Nevada state branch of Americans for Prosperity, a front group founded and funded by Koch Industries.

Wyoming Now Third State to Propose ALEC Bill Cracking Down on Pipeline Protests

Read time: 12 mins
A Lakota man locked himself to construction equipment building the Dakota Access pipeline

On the heels of Iowa and Ohio, Wyoming has become the third state to introduce a bill criminalizing the type of activities undertaken by past oil and gas pipeline protesters. 

One of the Wyoming bill's co-sponsors even says it was inspired by the protests led by the Standing Rock Sioux Tribe against the Dakota Access pipeline, and a sheriff involved in policing those protests testified in support of the bill at a recent hearing. Wyoming's bill is essentially a copy-paste version of template legislation produced by the conservative, corporate-funded American Legislative Exchange Council (ALEC).

Congressional Committee Members Pushing LNG Exports Bills Have Deep Financial, Revolving Door Ties

Read time: 8 mins
Revolving doors

Last week the U.S. House of Representatives' Committee on Energy and Commerce held a subcommittee hearing on two bills to expedite permitting for exports of natural gas. Domestic production of this fossil fuel has been booming in recent years, mainly thanks to hydraulic fracturing (“fracking”) opening up vast reserves in shale formations.

Several former and present committee staffers have either taken oil and gas industry-sponsored trips as staffers or spun through the government-industry revolving door between Congress and the lobbying sector. And all of the politicians backing the two bills under consideration have taken tens of thousands of dollars in contributions from the oil and gas industry for their 2018 mid-term election campaigns.

Cool Planet: The Biochar Big Leagues and 'Shoddy Science'

In the world of biochar business, it's been mostly “talk” and little “walk.” Few biochar businesses have scaled up their operations in a serious way, despite big claims — with little scientific proof to back them up — about the substance's climate change mitigation potential.

Cool Planet Energy System is seemingly the exception to the rule, with a December 2013 Forbes article hailing the company as one apparently “too good to be true.” The heaviest hitter making a bet on biochar, Cool Planet called its marketing strategy “the ultimate contrarian solution” at the 2013 North American Biochar Symposium attended by DeSmog in Amherst, Massachusetts.

Read time: 8 mins

Trump's Top Regulations Advisor, Billionaire Carl Icahn, Will Profit From Weak Regulations

Read time: 5 mins
Deepwater Horizon oil rig on fire, left, Carl Icahn, right.

In a recent “Victory Tour” speech in Des Moines, Iowa, President-elect Donald Trump told the audience that he sought to pick a Cabinet and team of advisors composed of “people that made a fortune” because “now they’re negotiating with you, OK?”

Carl Icahn, the 26th richest man on the planet according to Forbes, fits the “made a fortune” bill. Icahn, a business partner of Trump and major donor to his presidential campaign, has been named by the President-elect as his Special Advisor on Regulatory Reform.

However, as recently reported by DeSmog, Icahn stands to gain directly from deregulation in the energy and environmental sphere. He has already made his mark on the future Trump administration by vetting and recommending the regulation-averse Scott Pruitt, whom Trump eventually picked to head the U.S. Environmental Protection Agency (EPA)

The Billionaire Energy Investor Who Vetted Trump's EPA Pick Has Long List of EPA Violations

Read time: 7 mins
Natural gas refinery

Asked for his take on President-elect Donald Trump's appointment of Oklahoma Attorney General Scott Pruitt to head the U.S. Environmental Protection Agency (EPA), multi-billionaire investor and Trump business partner Carl Icahn told Bloomberg that Pruitt is “going to really be a breath of fresh air.” Given Icahn's business ties, that statement is steeped in accidental irony. 

Icahn, owner of the holding company Icahn Enterprises and a major donor to Trump's presidential campaign, was instrumental in choosing Pruitt — a man who as state prosecutor actively opposed most federal environmental regulations and denied the science of climate change — for the nation's top environmental job. As reported by The Wall Street Journal, Trump allowed Icahn, the 26th most wealthy man on the planet, to vet and interview finalists for high-level EPA jobs even though Icahn owns business assets impacted by current EPA regulations.

In addition, a DeSmog investigation shows that Icahn Enterprises owns oil industry assets based in Oklahoma, which are involved in EPA enforcement violations, and does business with TransCanada's Keystone pipeline system. 

Obama Admin Quietly Enables Oil and Gas Drilling on Public Lands and Waters, Weakens Endangered Species Act

Read time: 7 mins
Offshore oil platform.

As eyes turned to the most viewed presidential debate in U.S. history, the Obama administration meanwhile quietly auctioned off thousands of acres of land for oil and gas drilling in national forests, opened up 119 million acres for offshore drilling leases in the Gulf of Mexico, and delivered a blow to the Endangered Species Act. 

Will LNG Exports Save the Shale Gas Drilling Industry's Profitability? Not So Fast

Read time: 8 mins

Last year, a wave of bankruptcies swept the oil and gas drilling industry as oil prices collapsed, leading to layoffs, lost revenues for communities, and turning former boomtown-era mancamps into ghost towns in places like North Dakota's Bakken shale.

Even before oil prices plunged, the price of shale gas was already under siege from a domestic supply glut caused by the shale drilling frenzy. All told, prices dropped from its all-time high of over $15/mcf when the shale boom began in 2005 to $1.57/mcf — the lowest levels since 1998 — in March.

For shale exploration and production companies, however, the conventional wisdom has held for years that there is a light at the end of the tunnel — gas exports.

Unlike oil, natural gas is difficult to transport across oceans. To ship gas by tanker, it needs to be cooled to below -256 degrees Fahrenheit, an expensive and technologically challenging process, requiring the construction of multi-billion dollar Liquefied Natural Gas (LNG) import and export terminals.

Top Drillers Shut Down U.S. Fracking Operations as Oil Prices Continue to Tank

Read time: 3 mins

It was a tumultuous week in the world of hydraulic fracturing (“fracking”) for shale oil and gas, with a few of the biggest companies in the U.S. announcing temporary shutdowns at their drilling operations in various areas until oil prices rise again from the ashes.

Among them: Chesapeake Energy, Continental Resources and Whiting Petroleum. Chesapeake formerly sat as the second most prolific fracker in the U.S. behind ExxonMobil, while Continental has been hailed by many as the “King of the Bakken” shale basin located primarily in North Dakota.

Former Chesapeake Energy CEO Aubrey McClendon Bringing Fracking to Argentina

Read time: 3 mins

Aubrey McClendon, the embattled former CEO and co-founder of Chesapeake Energy, has announced his entrance into Argentina to begin hydraulic fracturing (“fracking”) in the country's Vaca Muerta Shale basin.

Though he retired as Chesapeake Energy's CEO back in 2013 in the aftermath of a shareholder revolt, McClendon wasted little time in creating a new company called American Energy Partners (AEP). AEP, like Chesapeake, has found itself mired since its onset in legal snafus over its treatment of landowners. With AEP not getting a red carpet roll-out in the U.S., McClendon has looked southward for other lucrative business adventures.

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