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Fri Feb 21, 2014, 05:20 PM

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.”

42 replies, 5246 views

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Arrow 42 replies Author Time Post
Reply Exxon CEO Comes Out Against Fracking Project Because It Will Affect His Property Values (Original post)
babylonsister Feb 2014 OP
Sanity Claws Feb 2014 #1
valerief Feb 2014 #11
kelliekat44 Feb 2014 #12
El_Johns Feb 2014 #38
Contrary1 Feb 2014 #2
beveeheart Feb 2014 #18
malaise Feb 2014 #3
theHandpuppet Feb 2014 #4
Scuba Feb 2014 #5
Armstead Feb 2014 #6
LittleGirl Feb 2014 #13
Leith Feb 2014 #17
aquart Feb 2014 #36
loudsue Feb 2014 #7
tclambert Feb 2014 #14
KT2000 Feb 2014 #8
El_Johns Feb 2014 #39
bvar22 Feb 2014 #9
justabob Feb 2014 #10
Grins Feb 2014 #15
babylonsister Feb 2014 #21
TexasTowelie Feb 2014 #28
progressoid Feb 2014 #30
another_liberal Feb 2014 #16
babylonsister Feb 2014 #20
another_liberal Feb 2014 #22
blue neen Feb 2014 #19
denverbill Feb 2014 #23
MADem Feb 2014 #24
El_Johns Feb 2014 #40
Curmudgeoness Feb 2014 #25
polichick Feb 2014 #26
TexasTowelie Feb 2014 #27
SunSeeker Feb 2014 #37
nadinbrzezinski Feb 2014 #29
ck4829 Feb 2014 #31
father founding Feb 2014 #32
cprise Feb 2014 #33
father founding Feb 2014 #41
Initech Feb 2014 #34
aquart Feb 2014 #35
KansDem Feb 2014 #42

Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:25 PM

1. You can't make this shit up

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Response to Sanity Claws (Reply #1)

Fri Feb 21, 2014, 06:52 PM

11. ^^^BINGO^^^

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Response to Sanity Claws (Reply #1)

Fri Feb 21, 2014, 06:54 PM

12. It's la la land we are living in. Sometimes there just aren't words. nt

 

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Response to Sanity Claws (Reply #1)

Sun Feb 23, 2014, 04:09 AM

38. +1

 

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:30 PM

2. And once again, not satire from the Onion

The hyprocrisy hurts my head.

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Response to Contrary1 (Reply #2)

Fri Feb 21, 2014, 07:58 PM

18. Hurts my head too.

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:32 PM

3. No one else's property counts

The real takers
Memememememememememememememememememememememememememe!

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:32 PM

4. Oh that's rich

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

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:38 PM

5. So by definition, Tillerson is a terrorist.

 

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:40 PM

6. NIMBY You Peasants!

 

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Response to Armstead (Reply #6)

Fri Feb 21, 2014, 06:55 PM

13. +1 n/t

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Response to Armstead (Reply #6)

Fri Feb 21, 2014, 07:32 PM

17. My First Thought, Too

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?

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Response to Leith (Reply #17)

Sat Feb 22, 2014, 11:56 PM

36. Yes.

Your vengeful thoughts are way milder than mine.

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:42 PM

7. Is there ANYONE that denies there is a class war going on in this country?

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

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Response to loudsue (Reply #7)

Fri Feb 21, 2014, 06:57 PM

14. Is it still going on? I thought everyone surrendered to the C-level executives years ago.

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.

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:50 PM

8. Our bigshot aerospace lobbyist

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.

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Response to KT2000 (Reply #8)

Sun Feb 23, 2014, 04:10 AM

39. +1

 

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 05:54 PM

9. The 8th and 9th circle of Hell is reserved for hypocrite scumbags like

..... 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.

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 06:04 PM

10. I wonder what the good people of Flower Mound think

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.

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 06:57 PM

15. I think you missed the REALLY big name on that suit!!!!!!

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.

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Response to Grins (Reply #15)

Fri Feb 21, 2014, 09:26 PM

21. He's following coattails at this point, but

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.

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Response to Grins (Reply #15)

Sat Feb 22, 2014, 02:34 PM

28. Don't you meant

that DICK (risking the alert for my crass language)?

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Response to Grins (Reply #15)

Sat Feb 22, 2014, 03:18 PM

30. Dick.

He is one.

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 07:21 PM

16. There is no way to make up humor any better than that.

 

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

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Response to another_liberal (Reply #16)

Fri Feb 21, 2014, 09:23 PM

20. Yet it's not even vaguely funny. nt

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Response to babylonsister (Reply #20)

Fri Feb 21, 2014, 09:26 PM

22. Or very dark humor, at least.

 

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

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 08:00 PM

19. So, the rest of us don't care about our property values?

Freaking hypocrite.

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Response to babylonsister (Original post)

Fri Feb 21, 2014, 10:05 PM

23. Nothing pisses me off more than hypocritical shit like this.

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.

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Response to denverbill (Reply #23)

Sat Feb 22, 2014, 12:51 PM

24. Why would they fire him?

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.

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Response to denverbill (Reply #23)

Sun Feb 23, 2014, 04:12 AM

40. Not hypocritical. It's all about *their* property values. Not ours. Their property -- their land,

 

their corporations -- is the only property that matters.

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 01:58 PM

25. I would like to shake the hand of the CEO of Cross Timbers Water Supply Corp

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.

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 01:59 PM

26. And I'm sure he feels completely justified and entitled.

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 02:31 PM

27. FYI, this is near Bartonville, Texas.

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/

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Response to TexasTowelie (Reply #27)

Sun Feb 23, 2014, 03:25 AM

37. I bet he gets farm subsidies for his ranch. nt

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 02:35 PM

29. Ok irony does not start to describe this

 

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 03:20 PM

31. Never a problem until it affects them.

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 03:50 PM

32. Time to get his shots

 

He has been infected by the NIMBY virus.

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 08:07 PM

33. Wealthy neighborhoods are all super-NIMBY

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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Response to cprise (Reply #33)

Sun Feb 23, 2014, 05:25 PM

41. broke

 

If everybody bought an EV, they wouldn't have the money anymore.

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 10:40 PM

34. Greed, greed, greed. That's the only langauge these assholes understand.

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Response to babylonsister (Original post)

Sat Feb 22, 2014, 11:55 PM

35. YES! Make him pay to make anti-fracking case law.

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Response to babylonsister (Original post)

Mon Feb 24, 2014, 03:35 PM

42. kick...

...for hypocrisy.

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