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The CEO of Exxon loves fracking, as long as it doesn’t spoil his view
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Call it the ultimate NIMBY move: Exxon CEO Rex Tillerson has joined a lawsuit to prevent a fifteen-story water tower from being built near his 83-acre Texas horse ranch, the Wall Street Journal reports.
The tower is being built by a state utility to meet the growing demand for water in the area. A key cause of that demand? Fracking, or hydraulic fracturing, a technique used by oil companies to extract hard-to-get reserves by breaking up underground shale formations with high pressure blasts of water, sand and chemicals. Exxon, one of the world’s most valuable companies, is also one of the biggest users of the technique.
http://qz.com/179920/the-ceo-of-exxon-loves-fracking-as-long-as-it-doesnt-spoil-his-view/
The tower is being built by a state utility to meet the growing demand for water in the area. A key cause of that demand? Fracking, or hydraulic fracturing, a technique used by oil companies to extract hard-to-get reserves by breaking up underground shale formations with high pressure blasts of water, sand and chemicals. Exxon, one of the world’s most valuable companies, is also one of the biggest users of the technique.
http://qz.com/179920/the-ceo-of-exxon-loves-fracking-as-long-as-it-doesnt-spoil-his-view/
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