- Not in my backyard: Exxon Mobil (XOM) CEO Rex Tillerson has joined a lawsuit filed by his neighbors to block construction of a water tower, saying it is illegal and would create noise and traffic hazards partly because it would provide water for use in fracking - a core part of his company's business.
- While wearing his oil company CEO hat, Tillerson has railed against fracking critics, saying "dysfunctional regulation is holding back the American economic recovery, growth and global competitiveness."
- While Tillerson’s name is on the lawsuit, a lawyer representing him says his concern is about the devaluation of his property, not fracking specifically.
Exxon CEO joins lawsuit against tower that would provide water for fracking
Feb 21 2014, 18:30 ET