iBankCoin
Joined Nov 11, 2007
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$XOM CEO: Fracking is Good, Just Not Near My Ranch

“Rex Tillerson, CEO of ExxonMobile, is a staunch supporter of fracking. But bring that business anywhere near his Bartonville, Texas, ranch and he’ll sue.

Tillerson has developed a reputation for his unwavering support of fracking. The practice is key to Exxon’s business, and Tillerson is highly critical of efforts to regulate it, according to Forbes.

“This type of dysfunctional regulation is holding back the American economic recovery, growth and global competitiveness,” Tillerson lashed out on one occasion, Forbes reported.

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But when remnants of fracking come to Tillerson’s neighborhood his tune changes. Instead of concerns about America’s best interest and Exxon’s energy future, Tillerson’s focus becomes the unpleasant effects it has on the quality of life and real estate values, Forbes noted. And he’s willing to take legal action.

The Exxon CEO joined a lawsuit to shut down a water tower that’s to be used to supply fracking near his ranch. And Tillerson isn’t just a passive supporter asked to sign a community petition. No, he went to a town hall meeting to personally protest against the construction of the water tower, according to The Wall Street Journal…..”

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