27 May '11, 10pm

Big Oil Companies Face Growing Concern On Fracking - Planet Ark via @AddThis #BigOil #fracking

Big Oil Companies Face Growing Concern On Fracking - Planet Ark via @AddThis #BigOil #fracking

Big Oil Companies Face Growing Concern On Fracking Date: 27-May-11 Country: U.S. Author: Anna Driver & Braden Redall Exxon Mobil CEO and Chairman Rex Tillerson speaks as he and other top oil and gas industry executives testify during a Senate Finance Committee hearing on Capitol Hill in Washington May 12, 2011 Photo: Kevin Lamarque Large blocks of investors in the two biggest U.S. oil companies on Wednesday demanded more disclosure about the environmental risks of extracting oil and gas through hydraulic fracturing. Exxon Mobil Corp defended the practice at its annual shareholder meeting on Wednesday, even as investors peppered Chief Executive Rex Tillerson with concerns and questions about it. A proposal requiring more disclosure by Exxon on the impact of "fracking" received about 30 percent of the votes by shareholders in the world's largest publicly traded oil company. ...

Full article: http://planetark.org/enviro-news/item/62138

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