T. Boone Pickens, the billionaire founder, chairman and CEO of hedge fund BP Capital, may be one of the most outspoken insiders in the energy industry. Never one to shy away from controversy, Pickens eagerly discussed “fracking,” Oklahoma earthquakes and his decision to get out of wind energy in an interview at the Milken Institute Global Conference 2013. Last year the business magnate and entrepreneur said Charles and David Koch were the “biggest deterrent” to a national energy policy.
Here’s what he told us this year at the Beverly Hilton:
Pickens refutes charges that hydraulic fracturing or “fracking” has damaged the environment and caused earthquakes in Oklahoma, Ohio and Pennsylvsania. Pickens, who went on his first “frack” job in 1952, says he’s “had no environmental issues” with the more than 2,000 wells he’s fracked over the years.
“You’re not damaging anything,” he declares. “Nobody gives any evidence you’re damaging anything.”
Fracking involves injecting millionsRead More »from Fracking Is 100% Safe: T. Boone Pickens