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Saturday, August 25, 2018

Elizabeth Warren Earned Royalties From Natural Gas Producer With Long Rap Sheet Of Environmental Violations, Tax Returns Reveal

Massachusetts Sen. Elizabeth Warren received royalty payments in 2017 from one of the largest natural gas producers in the nation, according to tax return documents her campaign released Wednesday.

Warren received $121 in royalty payments in 2017 from Chesapeake Operating, LLC, a subsidiary company of Chesapeake Energy, according to her tax return. Chesapeake is thesecond-largest natural gas producer in the nation behind Exxon Mobil and is the most active driller of new gas wells in the country.

Chesapeake has been hit with over $17 million in fines relating to environmental and leasing violations since 2007, the largest being a $3.2 million fine levied in 2013 after one of its subsidiary companies dumped unauthorized materials into dozens of streams and wetlands in West Virginia.

The natural gas royalties Warren collected in 2017 is negligible in comparison to her estimated net worth of between $3.7 and $10 million, however, the existence of the Democrat’s financial ties with Chesapeake is curious considering her aggressive stance against the energy industry.

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1 comment:

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