Stripped

Protesters and critics still have a voice but they have been stripped of power to stall or kill Canadian oil and gas projects with delaying tactics, confirms the pioneer foray into new regulatory review and approval procedures.

Chesapeake Energy Corp., which is facing scrutiny from the U.S. Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS), on Tuesday stripped company co-founder Aubrey K. McClendon of his role as chairman of the board of directors and terminated the Founder Well Participation Program (FWPP).

Chesapeake Energy Corp. on Tuesday stripped co-founder and CEO Aubrey K. McClendon of his title as chairman of the board and said it would name an “independent, nonexecutive chairman in the near future.”

Legislators in the Ohio House of Representatives have passed a mid-biennium budget review bill but stripped out Gov. John Kasich’s proposals to restructure taxes and regulations on the oil and natural gas industry.

Bills that would change West Virginia’s regulation of Marcellus Shale drilling — stripped of forced pooling language and proposing smaller increases to horizontal permitting fees than previously considered — were passed Thursday by House and Senate committees in the state’s legislature in Charleston.

Bills that would change West Virginia’s regulation of Marcellus Shale drilling — stripped of forced pooling language and proposing smaller increases to horizontal permitting fees than previously considered — were passed Thursday by House and Senate committees in the state’s legislature in Charleston.

Reflecting new federal mandates following the San Bruno natural gas pipeline explosion in September, new California Gov. Jerry Brown’s stripped-down state budget proposal released Monday included more money for gas pipeline safety efforts. Although the amounts are small, they come in a budget that carries $12.5 billion in spending cuts and a proposed 8-10% pay cut for state employees.

Senate Majority Leader Harry Reid (D-NV) stripped all of the tax extenders — energy and otherwise — from a pending jobs package only hours after Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA) unveiled a bipartisan bill Thursday.

The Republican-crafted economic stimulus package that was approved by Congress last Thursday was stripped of tax credits for renewable energy and subsidies to offset the heating bills for low-income households.