DeSmogBlog: Bloomberg Stunner: How Chesapeake Energy Paid Less Than a 1% Tax Rate On $5.5 Billion in Profits

chesapeake-energy.jpg Chesapeake Energy, a company that is no stranger to financial scandals, has found itself on the front page of the financial papers again. This time, the subject is taxes. Or how Chesapeake barely pays them.   Over its 23-year history, Chesapeake Energy, the second largest producer of natural gas in the U.S., and the ...

DeSmogBlog: What Chesapeake Energy’s Financial Scandals Mean For The Rest of Us

Chesapeake-McClendon.png Given radioactive wastewater, earthquakes, and flammable tap water, one might think that drilling and fracking could not possibly have any more dirty secrets. But here’s the biggest secret of all: it’s expensive. With natural gas at historic low prices – the Wall Street Journal ran a column recently suggesting that the price of gas ...