Chesapeake puts foot on venturing gas.
Aubrey McClendon, chief executive of US-based energy company Chesapeake Energy, said his company’s plans to invest $1bn in corporate venturing would create more than one million jobs – a laudable aim and one that has helped it win the Global Corporate Venturing Fundraising of the Year award.
The gas producing company said in July it was setting up Chesapeake NG Ventures to invest the money over the next 10 years in an effort to stimulate natural gas demand.
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