Aa
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/#
"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........"
"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........"
Around here, the fracking outfits are blaming drilling outfits for contaminated water, even though wells were putting out clean water before fracking began.
http://www.especieenpeligro.net/index.php/crisis/1549-f
I have been reading where in states with heavy fracking the earthqake activity has increased and some places, tripling since they started this practice. Also reports of contaminated drinking water. Not sure where this will lead but it worries me.
I have been reading where in states with heavy fracking the earthqake activity has increased and some places, tripling since they started this practice. Also reports of contaminated drinking water. Not sure where this will lead but it worries me.
Doesn't always come down to whose ox is getting gored?
“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........"
If I was in a meeting and made a comment this ridiculous, they would laugh me out of the room. “My concerns are, the Rooms are out of Square and the Walls are leaning, not the Framing specifically.
If I was in a meeting and made a comment this ridiculous, they would laugh me out of the room. “My concerns are, the Rooms are out of Square and the Walls are leaning, not the Framing specifically.
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