MIT Technology Review: How Chesapeake CEO Aubrey McClendon Helped Push Coal to the Brink

by Richard Martin
MIT Technology Review

Aubrey McClendon, the former Chesapeake Energy CEO, died March 2 in a car wreck the day after being indicted for conspiracy to rig bids on oil and natural gas leases. He will likely be remembered for two things: being a pioneer of the shale gas boom and a possible criminal who, in death, may have eluded a prison sentence.

But McClendon may have had one other lasting legacy: he helped hasten the collapse of the coal industry in the United States.

Between 2007 and 2012, McClendon and his associates contributed around $26 million to the Sierra Club to oppose the building of new coal-fired power plants. McClendon’s motivations were hardly pure; he knew that preventing new coal plants meant more demand for his company’s product, natural gas. And the contributions led to a scandal for the environmental group, whose well-funded “Beyond Coal” campaign has been instrumental in not only preventing new plants, but also shutting down aging ones.

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