December 28, 2011
Oil Giant’s Shell Game Nets Elderly Farmers
Joshua Schneyer and Brian Grow
This article from Reuters discusses that rather troubling use of shell corporations to avoid liability for voiding hundreds of land deals. It is understandable for a major gas company to use shell corporations to keep a low profile in order to avoid tipping off competitors and speculators about land leasing and drilling efforts. But the use of shell companies as a tactic to avoid liability for voiding leases, if true, is indeed troubling.