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babylonsister

(171,110 posts)
Fri Feb 21, 2014, 05:20 PM Feb 2014

Exxon 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 ExxonMobil’s CEO, it’s Rex Tillerson’s 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 Tillerson’s $5 million property value might be harmed. Tillerson has joined a lawsuit that cites fracking’s consequences in order to block the construction of a 160-foot water tower next to his and his wife’s 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 Tillerson’s 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. Exxon’s 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.”
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Exxon CEO Comes Out Against Fracking Project Because It Will Affect His Property Values (Original Post) babylonsister Feb 2014 OP
You can't make this shit up Sanity Claws Feb 2014 #1
^^^BINGO^^^ valerief Feb 2014 #11
It's la la land we are living in. Sometimes there just aren't words. nt kelliekat44 Feb 2014 #12
+1 El_Johns Feb 2014 #38
And once again, not satire from the Onion Contrary1 Feb 2014 #2
Hurts my head too. beveeheart Feb 2014 #18
No one else's property counts malaise Feb 2014 #3
Oh that's rich theHandpuppet Feb 2014 #4
So by definition, Tillerson is a terrorist. Scuba Feb 2014 #5
NIMBY You Peasants! Armstead Feb 2014 #6
+1 n/t LittleGirl Feb 2014 #13
My First Thought, Too Leith Feb 2014 #17
Yes. aquart Feb 2014 #36
Is there ANYONE that denies there is a class war going on in this country? loudsue Feb 2014 #7
Is it still going on? I thought everyone surrendered to the C-level executives years ago. tclambert Feb 2014 #14
Our bigshot aerospace lobbyist KT2000 Feb 2014 #8
+1 El_Johns Feb 2014 #39
The 8th and 9th circle of Hell is reserved for hypocrite scumbags like bvar22 Feb 2014 #9
I wonder what the good people of Flower Mound think justabob Feb 2014 #10
I think you missed the REALLY big name on that suit!!!!!! Grins Feb 2014 #15
He's following coattails at this point, but babylonsister Feb 2014 #21
Don't you meant TexasTowelie Feb 2014 #28
Dick. progressoid Feb 2014 #30
There is no way to make up humor any better than that. another_liberal Feb 2014 #16
Yet it's not even vaguely funny. nt babylonsister Feb 2014 #20
Or very dark humor, at least. another_liberal Feb 2014 #22
So, the rest of us don't care about our property values? blue neen Feb 2014 #19
Nothing pisses me off more than hypocritical shit like this. denverbill Feb 2014 #23
Why would they fire him? MADem Feb 2014 #24
Not hypocritical. It's all about *their* property values. Not ours. Their property -- their land, El_Johns Feb 2014 #40
I would like to shake the hand of the CEO of Cross Timbers Water Supply Corp Curmudgeoness Feb 2014 #25
And I'm sure he feels completely justified and entitled. polichick Feb 2014 #26
FYI, this is near Bartonville, Texas. TexasTowelie Feb 2014 #27
I bet he gets farm subsidies for his ranch. nt SunSeeker Feb 2014 #37
Ok irony does not start to describe this nadinbrzezinski Feb 2014 #29
Never a problem until it affects them. ck4829 Feb 2014 #31
Time to get his shots father founding Feb 2014 #32
Wealthy neighborhoods are all super-NIMBY cprise Feb 2014 #33
broke father founding Feb 2014 #41
Greed, greed, greed. That's the only langauge these assholes understand. Initech Feb 2014 #34
YES! Make him pay to make anti-fracking case law. aquart Feb 2014 #35
kick... KansDem Feb 2014 #42

theHandpuppet

(19,964 posts)
4. Oh that's rich
Fri Feb 21, 2014, 05:32 PM
Feb 2014

I'd normally have an entire skit ready but the article is better than anything I could devise.

Leith

(7,814 posts)
17. My First Thought, Too
Fri Feb 21, 2014, 07:32 PM
Feb 2014

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?

loudsue

(14,087 posts)
7. Is there ANYONE that denies there is a class war going on in this country?
Fri Feb 21, 2014, 05:42 PM
Feb 2014

There are two sets of rules: one for them, one for us.

tclambert

(11,087 posts)
14. Is it still going on? I thought everyone surrendered to the C-level executives years ago.
Fri Feb 21, 2014, 06:57 PM
Feb 2014

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)
8. Our bigshot aerospace lobbyist
Fri Feb 21, 2014, 05:50 PM
Feb 2014

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)
9. The 8th and 9th circle of Hell is reserved for hypocrite scumbags like
Fri Feb 21, 2014, 05:54 PM
Feb 2014

..... 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)
10. I wonder what the good people of Flower Mound think
Fri Feb 21, 2014, 06:04 PM
Feb 2014

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)
15. I think you missed the REALLY big name on that suit!!!!!!
Fri Feb 21, 2014, 06:57 PM
Feb 2014

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)
21. He's following coattails at this point, but
Fri Feb 21, 2014, 09:26 PM
Feb 2014

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.

 

another_liberal

(8,821 posts)
16. There is no way to make up humor any better than that.
Fri Feb 21, 2014, 07:21 PM
Feb 2014

His head is so far up his own butt, he must think the sky is brown.

 

another_liberal

(8,821 posts)
22. Or very dark humor, at least.
Fri Feb 21, 2014, 09:26 PM
Feb 2014

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

denverbill

(11,489 posts)
23. Nothing pisses me off more than hypocritical shit like this.
Fri Feb 21, 2014, 10:05 PM
Feb 2014

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)
24. Why would they fire him?
Sat Feb 22, 2014, 12:51 PM
Feb 2014

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.

Though Tillerson’s 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.”


That said, this Colorado legislator is a genius--he wasted no time pointing out the glaring hypocrisy, to very good effect:

Rep. Jared Polis (D-CO) has formally extended a welcome to Tillerson to the fracking critic club, with this statement Friday:
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)
40. Not hypocritical. It's all about *their* property values. Not ours. Their property -- their land,
Sun Feb 23, 2014, 04:12 AM
Feb 2014

their corporations -- is the only property that matters.

Curmudgeoness

(18,219 posts)
25. I would like to shake the hand of the CEO of Cross Timbers Water Supply Corp
Sat Feb 22, 2014, 01:58 PM
Feb 2014

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.

TexasTowelie

(112,665 posts)
27. FYI, this is near Bartonville, Texas.
Sat Feb 22, 2014, 02:31 PM
Feb 2014

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/

cprise

(8,445 posts)
33. Wealthy neighborhoods are all super-NIMBY
Sat Feb 22, 2014, 08:07 PM
Feb 2014

The difference is they don't need to become activists when they can just use their money for lobbyists and politicians.

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