Yesterday, Reuters reported that Chesapeake Energy Corp. CEO Aubrey McClendon "also ran a lucrative business on the side: a $200 million hedge fund that traded in the same commodities Chesapeake produces." Today we have yet another case of highly questionable, if not potentially criminal, wrongdoing in the fossil fuel industry.
Documents obtained by The Huffington Post also indicate that Kurt Mix, a senior BP engineer charged April 24 with obstruction of justice, shared information with more senior BP executives during the [2010 Deepwater Horizon/Gulf of Mexico oil] spill, including a senior vice president, Jonathan Sprague, who formerly managed BP's Gulf of Mexico operations.
Legal experts said criminal convictions for covering up the size of the spill could land senior BP personnel behind bars and swell the company's civil liability by billions of dollars.
Two days, two major scandals -- one in the natural gas industry, one in the oil industry. Sensing a pattern here?