nuclear-news

As most people already know, US President Elect Donald Trump has proposed ExxonMobil’s CEO, Rex Tillerson, as Secretary of State.

May 12, 2011: Reading testimony out of the side of his mouth in a sleep-inducing Texas twang, US Secretary of State Nominee-Exxon CEO Tillerson. It takes talent to make a twang sleep-inducing. Is the hidden agenda to make enemies fall asleep or die of boredom? https://www.c-span.org/video/?299469-1/gas-prices-energy-policy&start=2866

In ExxonMobil’s Notice of 2016 Annual Meeting and Proxy Statement, April 13, 2016, as submitted to the US SEC (Securities and Exchange Commission). Based on the example given below it seems that ExxonMobil may be using small subsidiaries for its fracking activities in order to reduce future liabilities. The subsidiary probably can easily go bankrupt and pass liability to the taxpayer.
“ITEM 14 – REPORT ON HYDRAULIC FRACTURING

This proposal was submitted by the Park Foundation, P.O. Box 550, Ithaca, NY 14851, the…