Barcharts Natural Gas Company is the subject of a federal investigation into natural gas emissions, according to a report published Thursday by The Washington Post.
The Post’s Mark Berman reports that Barchars’ CEO and co-founder, William Barras, was asked by the Energy Department to resign.
Barras, who has not been charged with any crime, has not yet commented publicly about the allegations, which he denies.
The report said Barras’ actions led to the loss of more than $7 billion in revenue over the last three years.
Barras’ attorney said that he has no involvement in any criminal activity.
“He’s a successful CEO, and that’s why he resigned,” lawyer Jason Williams told the Post.
Barcharts did not immediately respond to Business Insider’s request for comment.
The probe began in August after the Energy and Natural Resources Committee’s Subcommittee on Natural Resources and Environment requested documents from the company’s CEO.
Barra told lawmakers he could not comment on the probe.
The committee is investigating the company because of concerns about the amount of natural gas it emits in the United States and its effect on climate change.
A federal investigation by the Office of the Inspector General is looking into the company and its operations.
Bartlea has not responded to Business Wire’s request to comment.