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Exxon CEO Joins Lawsuit Against Texas Fracking Project Due to Property Value Concerns

HeadlineFeb 24, 2014

In news from Texas, the CEO of ExxonMobil has joined a lawsuit against a fracking-related project due to fears it could affect the value of his multimillion-dollar home. Exxon is the largest gas producer in the United States, relying heavily on fracking, which involves blasting water and chemicals deep into shale rock. But The Wall Street Journal reports CEO Rex Tillerson has joined a lawsuit to block a water tower in Bartonville, Texas, that would provide water for fracking, on the grounds it would create a “noise nuisance and traffic hazards.” Residents of other fracked areas have complained about the industry’s other impacts, including the poisoning of their water by toxic chemicals.

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