Natural gas producer Chesapeake Energy Corp. has announced that a shareholder measure on hydraulic fracturing, cosponsored by a Delaware County religious order, received 25 percent support at the company's annual meeting.
The measure, introduced by the Sisters of St. Francis of Philadelphia, a Roman Catholic order based in Aston, was one of a dozen offered this year by environmentalist shareholders of natural gas companies.
Six of the measures came to votes. All were rejected. The proposals asked management to make a risk assessment of hydraulic fracturing, a controversial technique for extracting trapped natural gas from impermeable geologic formations.