Preheat oven to 375 degrees. In large mixing bowl, cream shortening and sugars. Add eggs and extracts and beat well.
In separate bowl, mix together flour, baking soda, salt, and baking powder. Add to creamed mixture. Stir in chocolate chips and pecans.
Line two baking sheets with parchment paper or silicone baking mats. Roll dough into large walnut-sized balls and space 2 inches apart. Bake 10-12 minutes or until golden brown. Makes 6-8 dozen.