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Texas
Related: About this forumThe CEO of Exxon loves fracking, as long as it doesn’t spoil his view
?w=700Call 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 worlds 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 worlds 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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The CEO of Exxon loves fracking, as long as it doesn’t spoil his view (Original Post)
white cloud
Feb 2014
OP
white cloud
(2,567 posts)1. Exxon CEO Joins Lawsuit to Stop Fracking Near His Home
white cloud
(2,567 posts)2. more
white cloud
(2,567 posts)3. Stop Fracking By His Home Because He's Worried About His Property Values
DhhD
(4,695 posts)4. Stockholders and Board of Directors vs. CEO. Greed vs. Retired Greed.
DhhD
(4,695 posts)5. Water Wars. Who's Horse will get to drink water?