Exxon CEO joins anti-fracking lawsuit after drilling threatens his property value
http://www.salon.com/2014/02/21/exxon_ceo_joins_anti_fracking_lawsuit_after_drilling_threatens_his_property_value/
It seems it's not so easy to be pro-fracking when it affects you directly
Exxon CEO joins anti-fracking lawsuit after drilling threatens his property value
Lindsay Abrams
Friday, Feb 21, 2014 04:44 PM EST
Exxon CEO Rex Tillerson is involved in a legal battle over fracking. The weird part is, hes on the side thats against it.
Dont worry, Tillerson hasnt changed his Drill, baby, drill mentality or had a change of heart about the evils of regulatory oversight in general. Hes just worried about the effect that drilling is going to have where he lives. Specifically, he wants to block the construction of a 160-foot water tower next to his home in Bartonville, Texas, which would provide water for nearby fracking operations. In order to do so, The Wall Street Journal reports, hes signed onto a lawsuit that details the many unsavory consequences of fracking:
(Tillerson) and his neighbors had filed suit to block the tower, saying it is illegal and would create a noise nuisance and traffic hazards, in part because it would provide water for use in hydraulic fracturing. Fracking, which requires heavy trucks to haul and pump massive amounts of water, unlocks oil and gas from dense rock and has helped touch off a surge in U.S. energy output.
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When hes wearing his CEO of a Major Oil Company hat, Climate Progress points out, Tillersons views on fracking have been quite different. This type of dysfunctional regulation is holding back the American economic recovery, growth, and global competitiveness, he said in 2012 of attempts to increase oversight of drilling operations.