Archive for May, 2012

First Enron, and now Chesapeake Energy –  Why Ohio Attorney General Mike DeWine should step in
Chesapeake Energy / Energy / Hydraulic Fracturing

First Enron, and now Chesapeake Energy – Why Ohio Attorney General Mike DeWine should step in

A decade ago, the Enron scandal saw a $65 billion company’s management integrity and finances collapse in what was then the second largest bankruptcy in history.  Investors, employees and electric consumers were left holding the bag. Now Chesapeake Energy is following in Enron’s footsteps. Ohio Attorney General Mike DeWine should […]

Fracking’s dangers for workers
Energy / Hydraulic Fracturing

Fracking’s dangers for workers

DURHAM, NC — “Number of workers employed by the U.S. oil and gas extraction industry: 435,000 Percent of those workers employed by well servicing companies, including those that conduct hydraulic fracturing or ‘fracking’ for natural gas: almost 50 Occupational deaths in the oil and gas extraction industry from 2003 to […]

Chesapeake valuation seen luring major deal: Real M&A
Chesapeake Energy / Energy / Hydraulic Fracturing

Chesapeake valuation seen luring major deal: Real M&A

NEW YORK, NY — “Chesapeake Energy Corp. (CHK)’s depressed valuation is making the company a potential target for acquirers willing to bet that natural-gas prices will rebound from a decade low. Chesapeake’s equity and net debt was valued yesterday at $9.19 for each barrel of oil equivalent, the lowest among […]

Citizens plan suit against Hancock coal-ash dam
Coal / Coal Ash / FirstEnergy

Citizens plan suit against Hancock coal-ash dam

CHARLESTON, WV — “Local citizens on Wednesday threatened to sue FirstEnergy Corp. over a huge coal-ash impoundment along the West Virginia-Pennsylvania border, alleging the operation is polluting area streams, tainting groundwater, and violating federal waste disposal requirements. The Little Blue Regional Action Group sent Akron, Ohio-based FirstEnergy a formal notice of […]

DeWine lauds drilling rules, seeks authority on leases
Energy / Hydraulic Fracturing

DeWine lauds drilling rules, seeks authority on leases

NILES — “State Attorney General Mike DeWine says he is pleased with tougher laws approved by the Ohio Legislature governing the oil and gas industry, but would like greater power to intervene on disputes involving landowners. Speaking Tuesday before the Youngstown/Warren Regional Chamber’s government affairs council, DeWine, who previously served […]

Conflict of interest?
Chesapeake Energy / Energy / Hydraulic Fracturing

Conflict of interest?

Chesapeake’s ties to Thunder questioned OKLAHOMA CITY,OK — “Chesapeake Energy Corp., whose top executive invested in the Oklahoma City Thunder, almost doubled its spending on the professional basketball team during the past four years buying tickets, luxury box seats and naming rights for the home arena. Chesapeake directors are under […]

Seeking disclosure on fracking
Energy / Hydraulic Fracturing

Seeking disclosure on fracking

AUSTIN,TX — “In the United States, an interesting discussion has occurred in Ohio, home of the booming Utica Shale, where state lawmakers passed a complex fracking regulation bill last week that includes disclosure requirements. As originally proposed, the legislation would have required disclosure of the chemicals used throughout the drilling […]

Citizens groups launch new website to track troubled Prairie State coal plant
Coal / Energy / Prairie State Coal Plant

Citizens groups launch new website to track troubled Prairie State coal plant

CLEVELAND — A network of consumer and environmental organizations from the Midwest today launched a new website to track developments at the controversial Prairie State coal-fired power plant, currently under construction in southern Illinois.  The website, called “Prairie State Coal Plant Tracker,” is located at www.prairiestatecoalplant.org…. “Information about the delays […]

We must start answering ‘unanswered’ questions about fracking
Energy / Hydraulic Fracturing

We must start answering ‘unanswered’ questions about fracking

GRANVILLE — “This April, I went with a group to Carroll County, the new hot spot for deep shale drilling here in Ohio. Currently, there are about 20 wells. Soon, there will be thousands. Here’s what we saw and were told: Large pipeline clearings lace the countryside, 4 to 5 […]

Reject the dirty politics of coal ash for clean water
Coal / Coal Ash / Energy

Reject the dirty politics of coal ash for clean water

TAMPA BAY — “Florida’s drinking waters are slowly being poisoned by a silent toxic menace. If certain members of Congress have their way, federal regulators will never be able to do anything about it. At Tampa Electric’s Big Bend Station near Apollo Beach, arsenic, boron, molybdenum and other toxic chemicals […]