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One of the highest-profile people at the Governor’s summit on energy and the economy is a CEO who’s invested billions in Ohio. Aubrey McClendon heads Chesapeake Energy, which has spent $2 billion on land leases in eastern Ohio, in the areas where shale deposits are expected to hold billions of dollars worth of natural gas and oil.
Chesapeake has said it expects the oil and natural gas resources within the Marcellus and Utica shale could be worth $20 billion in Ohio alone. And McClendon defends the controversial process of hydraulic fracturing or “fracking” as safe, and says its critics are motivated by their belief that the US should only explore wind and solar power for future energy resources, which he says is “not reasonable”. |
