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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsExxon CEO Comes Out Against Fracking Project Because It Will Affect His Property Values
http://thinkprogress.org/climate/2014/02/21/3316881/exxon-ceo-protests-fracking/#Exxon CEO Comes Out Against Fracking Project Because It Will Affect His Property Values
By Rebecca Leber on February 21, 2014 at 2:16 pm
As ExxonMobils CEO, its Rex Tillersons job to promote the hydraulic fracturing enabling the recent oil and gas boom, and fight regulatory oversight. The oil company is the biggest natural gas producer in the U.S., relying on the controversial drilling technology to extract it.
The exception is when Tillersons $5 million property value might be harmed. Tillerson has joined a lawsuit that cites frackings consequences in order to block the construction of a 160-foot water tower next to his and his wifes Texas home.
The Wall Street Journal reports the tower would supply water to a nearby fracking site, and the plaintiffs argue the project would cause too much noise and traffic from hauling the water from the tower to the drilling site. The water tower, owned by Cross Timbers Water Supply Corporation, will sell water to oil and gas explorers for fracing [sic] shale formations leading to traffic with heavy trucks on FM 407, creating a noise nuisance and traffic hazards, the suit says.
Though Tillersons name is on the lawsuit, a lawyer representing him said his concern is about the devaluation of his property, not fracking specifically.
When he is acting as Exxon CEO, not a homeowner, Tillerson has lashed out at fracking critics and proponents of regulation. This type of dysfunctional regulation is holding back the American economic recovery, growth, and global competitiveness, he said in 2012. Natural gas production is an old technology just being applied, integrated with some new technologies, he said in another interview. So the risks are very manageable.
In shale regions, less wealthy residents have protested fracking development for impacts more consequential than noise, including water contamination and cancer risk. Exxons oil and gas operations and the resulting spills not only sinks property values, but the spills have leveled homes and destroyed regions.
Exxon, which pays Tillerson a total $40.3 million, is staying out of the legal tangle. A spokesperson told the WSJ it has no involvement in the legal matter.
Sanity Claws
(21,866 posts)valerief
(53,235 posts)kelliekat44
(7,759 posts)Contrary1
(12,629 posts)The hyprocrisy hurts my head.
beveeheart
(1,373 posts)malaise
(269,282 posts)The real takers
Memememememememememememememememememememememememememe!
theHandpuppet
(19,964 posts)I'd normally have an entire skit ready but the article is better than anything I could devise.
Scuba
(53,475 posts)Armstead
(47,803 posts)LittleGirl
(8,292 posts)Leith
(7,814 posts)If I said that Tillerman's backyard would be one place that could use a little side effects of fracking, would my fellow DUers forgive me?
Your vengeful thoughts are way milder than mine.
loudsue
(14,087 posts)There are two sets of rules: one for them, one for us.
tclambert
(11,087 posts)After exterminating the middle class by making them all poor, they celebrated by issuing a special victory-class dividend. Never heard of it? That's 'cause we don't get any.
KT2000
(20,605 posts)fought hard to have the state not recognize ill health effects from chemical exposure and was successful. Later he sued a farmer whose pesticide drift poisoned his horses. He won but the chemically injured workers were forced to apply for "mental health" disability to survive.
The whole system is rotten.
bvar22
(39,909 posts)..... Rex Tillerson, ExxonMobil CEO with a $40.3 million annual salary.
"If I can drill and make money, then thats what I want to do"
except when its in MY back yard.
That shit is for the peasants!
My nomination for a spot on the list of the Top 20 RICH SCUMBAGS in the US.
justabob
(3,069 posts)Those folks have been fighting hard against fracking in their communities for a long time. I wonder how they feel having this guy benefit from their hard work.
Grins
(7,260 posts)If you go to that link, then to the link with the full petition to the Court, you will see that the lead plaintiff, along with Timmerman, is Richard K. Armey. Yeah. That Richard K. Armey.
babylonsister
(171,110 posts)that is ironic, or sumthin'. They're both shameful hypocrites who apparently don't give a shit about anyone else, as long as they get what they want.
TexasTowelie
(112,665 posts)that DICK (risking the alert for my crass language)?
He is one.
another_liberal
(8,821 posts)His head is so far up his own butt, he must think the sky is brown.
babylonsister
(171,110 posts)another_liberal
(8,821 posts)Something like Lenny Bruce on an angry night:
If Jesus had been killed twenty years ago, Catholic school children would be wearing little electric chairs around their necks instead of crosses.
Lenny Bruce
blue neen
(12,335 posts)Freaking hypocrite.
denverbill
(11,489 posts)I hope Exxon fires his sorry ass, but you know they won't, and you know whatever the outcome of his own personal case, he'll be right back fucking over everyone else tomorrow.
MADem
(135,425 posts)The hypocritical shit has made it very clear it's all about his property values, not about fracking as a concept. Besides, he's the CEO. He's likely got a ton of buddies on the board.
When he is acting as Exxon CEO, not a homeowner, Tillerson has lashed out at fracking critics and proponents of regulation. This type of dysfunctional regulation is holding back the American economic recovery, growth, and global competitiveness, he said in 2012. Natural gas production is an old technology just being applied, integrated with some new technologies, he said in another interview. So the risks are very manageable.
That said, this Colorado legislator is a genius--he wasted no time pointing out the glaring hypocrisy, to very good effect:
I would like to officially welcome Rex to the Society of Citizens Really Enraged When Encircled by Drilling (SCREWED). This select group of everyday citizens has been fighting for years to protect their property values, the health of their local communities, and the environment. We are thrilled to have the CEO of a major international oil and gas corporation join our quickly multiplying ranks.
El_Johns
(1,805 posts)their corporations -- is the only property that matters.
Curmudgeoness
(18,219 posts)just this once for his excellent decision of the location of that water tower. I love it when the uber-wealthy are publicly shown to be such assholes.
polichick
(37,152 posts)TexasTowelie
(112,665 posts)I had a friend that worked as a server at a restaurant in that area so I made a couple of trips to that area before. This is about as close to being in a rural area anyone can achieve that lives in the northern portion of the Metroxplex.
I also found this article that indicates that the property is actually a horse farm that had an estimated value of $9 million back in 2009.
http://www.texassharon.com/2010/01/19/xom-ceo-buys-horse-farm-in-bartonville-tx/
SunSeeker
(51,798 posts)nadinbrzezinski
(154,021 posts)ck4829
(35,096 posts)father founding
(619 posts)He has been infected by the NIMBY virus.
cprise
(8,445 posts)The difference is they don't need to become activists when they can just use their money for lobbyists and politicians.
father founding
(619 posts)If everybody bought an EV, they wouldn't have the money anymore.
Initech
(100,143 posts)aquart
(69,014 posts)KansDem
(28,498 posts)...for hypocrisy.