Energy company Chesapeake's move to pump more than $1bn into venture investment to boost the development of natural gas powered clean technologies is a big splash in the world of venture capital.

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Energy company Chesapeake’s move to invest more than $1bn to boost the development of natural gas powered clean technologies is a big splash in the world of corporate venturing but represents only 1% to 2% of Chesapeake’s annual drilling budget to boost its supply.

With an official announcement clothed in rhetoric, the company makes its plans sound like one of the most…