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Not so evil energy company June 2, 2016

Posted by digitalbrownshirt in News.
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I guarantee that somewhere, somebody is talking crap about Chesapeake donating a $3.9 million dollar property to charity. That’s the nature of those who hate oil and gas companies no matter what their actions.

The short version is Chesapeake, which is currently getting rocked by the oil and gas slump, owns property that they rent to non-profits for below market value. The non-profits were all scared that Chesapeake might sell the property to somebody that would force them out by charging them high rents. Instead Chesapeake announced they’re donating the entire property to the Oklahoma Center for Non-Profits, so they can stay as long as they like with no changes in rent.

A huge portion of all corporate charity in this state is tied to the energy business, but when the donations slowed down I could hear the lefties screeching about greedy corporations not supporting their pet projects. Nevermind the fact that these companies are trying to avoid going bankrupt right now.

Comments»

1. geoff - June 2, 2016

I guarantee that somewhere, somebody is talking crap about Chesapeake donating a $3.9 million dollar property to charity.

Yeah, next year they’ll be blaming them for not paying the property taxes.

2. digitalbrownshirt - June 3, 2016

I saw some local snowflake harping about how the big energy companies weren’t donating like they used to. The idea that when business is so bad that you’re laying people off that maybe cutting donations too seemed beyond her understanding. My former company has always donated 10% of profits at a minimum, but when there’s no profits for a few years, they were still finding ways to help out, just not as much money. I get angry thinking about how often I’ve heard people here trash on the industry and conveniently ignoring all the good it does.

3. Retired Geezer - June 3, 2016

Here in southern Spud Land, I get the sense that there are a lot of charitable donations by the local corporations.


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