. >> meet rex tillerson, the chairman and ceo of exxon mobile, the largest oil company in the world. you've probably heard of them. exx exxon's heard quarters are near dallas, texas, a complex so ominous as it's been nicknamed by employees the death star. >> that's no moon, it's a space station. >> in 2012 tillerson took home $40.3 million in compensation. today exxon mobile is the largest natural gas producer in the country. >> natural gas is cleaner burning than most fossil fuels and it's vital to our energy needs. >> so for exxon mobile, fracking is the future and they'd like it with as little regulation as possible. >> it's largely, i think, regulatory policy is what could upset the realization of this tremendous potential for our economy. >> as pr people concerned about fracking in their backyards, they are misinformed. >> there has not been a documented case of substantial or even, i would argue, insignificant contamination of fresh water. so i think the fears are misplaced. some has been through a lot of less than perfect information that's been provided. >> so rex tillerson th

or exxon mobil or fill in the blank is never actually going to be able to poll a certain percentage ten twenty thirty fifty percent of what they have on their balance sheet on their books they will never be able to pull it out of the ground or stop purse is going to collapse so i mean you know this kind of thing economists have their hair on fire about but it would be a good thing it seems for our planet and that money presumably would just end up going someplace else to other. technology and it was what's. i'm sure you guys have thought about this a lot sure and there's a couple of things that are relevant i think one is that. has said we're going to stay below two degrees which is the to keep global average temperature rise under that limit and that that is sort of the safest most adaptable amount of global warming we can achieve. one hundred ninety countries including the united states have agreed to made a commitment to try to do that and i tells us that if we are going to do that most of those carbon reserves need to stay in the ground so for one that should be the signal right now

carbon dioxide in the atmosphere today came from the extraction activities of nineteen entities exxon mobil shell chevron and addition to state owned companies in russia and china for in saudi arabia for example but essentially when you're looking at ninety entities plus the people who buy and burn that system it's pretty easy to say but they have some liability for the product for the problems their product is causing and just as we force other expect that other companies. assume liability for any damages their problems it's time for us to do the same and consumers in the end will of course participate in that solution so i think we're getting closer i think the more individuals realize that climate change is coming to their city and town that there are mature and healthy clean energy alternatives then i think the congress will be less less afraid to take the issue on and. who knows what it will end up looking like sausage making is not pretty when it comes to those sorts of laws but i think that i'm hopeful that the time is coming because of polls like you just cited that congress will fe

>> you'll have to have 100 million shares of exxon mobil to engage in shareholder activism.re couple battery shareholder campaigns that call for disclosure of stranded asset risks of the fossil fuel industries that would drop down the x bennett or is that they down the capital expenditures. we need to turn this around. we need to do it quickly. it has been estimated that there annuallybe $1 trillion in investments in clean tech and renewables to orchestrate the global energy transition. andlieve that philanthropy other institutional investors could be playing a powerful role migrating their investments into what the globe needs and what science the man's. >> i wonder if the exxon mobil's of the world, they responded to you, notice what they've been doing -- what you've been doing. >> they have not responded to us directly. i am more concerned that we are responsive to the climate and to the people of the world that and so so impacted impacted in the future. exxon mobil has an opportunity to develop a business model that keeps them below two degrees celsius warming. they shou

exxon mobil is facing a $2.6 million fine for the spill and has spent $70 million to clean it up. three houses were so badly damaged, exxon knocked them down. most sat empty. even after an accident, this could be a long shot. if you look at the polls, two thirds of americans do support the keystone pipeline, and that number hasn't budged. it seems you are a minority. >> i think this is a topic in which people don't understand what it is, and it is always presented as we do this or we do nothing. that's absolutely not true. we are not going to run the society without energy. it's just how you think about it. >> he says the biggest issue is how tar sand oil is recovered from the canadian countryside. 20% of the oil is mixed in sandy soil lying just beneath the surface. it is spun in centrifuges to separate the oil from the dirt. 80% is trapped hundreds of feet below solid rock. steam is injected to loosen the oil. it must then be mixed with chemicals to make it flow to the pipeline. this requires 70% more to extract than traditional oil. >> this is a gigantic mining operation in the

google recently rose to 2nd place with 395 billion, beating out exxon mobile which fell to third place with 392 billion. google's stock is up 66% since last year- while exxon gained 5%. in a bid to distinguish itself from, bing and google, yahoo is partnering with online review site yelp. the wall street journal reports yahoo ceo marissa mayer wants to connect the local review site's user- generated reviews to yahoo's search engine results yahoo lags its competitors holding only 10.8% of the search market. yelp shares climbed to $91 dollars yesterday. aol's ceo tim armstrong is issuing a back track following a back lash. armstrong made controversial comments last week... citing two high-cost births of "distressed babies" by aol employees as the reason the company needs to cut expenses and would contribute only once a year to employees 401k plans. he also blamed president obama's health care reform. public backlash was swift and severe. "well, he just gave us the hook and it made him look bad -- high costs of births of our employees? that's a healthcare problem, not his problem, so why

the ceo of exxon mobile is speaking out about fracking for oil near his neighborhood. rex tillerson tells the wall street journal he joined a lawsuit that would block construction of a 160-foot water tower that supports a fracking project near the dallas suburb of bartonville. he claim's the project would lead to traffic with heavy trucks, create a noisy nuisance and the tower would be an eyesore. but says he's not against the actual fracking. after a rough week, bitcoin might be facing a full-out ban. west virgina senator joe manchin is calling for a complete ban of the digital currency. he sent a letter to treasury secretary jack lew and fed chair janet yellen, saying the currency is unregulated and allows illegal activity. earlier in the week, bitcoin's exchange, mt. gox, went offline after a series of cyber-attacks. customers lost about $350 million in bitcoins, with no solution for recovery. identity theft tops the list of pricey consumer complaints. consumers lost $1.6 billion to various types of fraud in 2013, according to the federal trade commission. also maki

the construction of a new water tower near his home that could be used for fracking the head of exxon mobil was quick to say he doesn't oppose the training technique he's just warned about the view from his home being burned his excuse is that some environmental activists be nice though. ironically i was sitting in the room full of people who were there to beg this the town of barton ville to enact a mock moratorium on new drilling permits and so it was very surreal for us to hear rex tillerson talking about an unsightly water tower that might disrupt his view when these people sitting in the audience had water that would phone like fish wash dish water they had rashes there were so many toxic free leases of gas near their homes that they had to evacuate five hundred and one relief is in just one year they had to wait their small children up at night and evacuated in the middle of the night to to get away from these toxic gases. and coming up next this hour inside a day ukraine's unfolding crisis with the former american ambassador to the country's stand that. the interview. process up rule

corporate power which is not necessarily driven by individuals so much as driven by corporate interests exxon mobil citibank goldman sachs so you can rest and imprison the head of goldman sachs lloyd blankfein which is where he belongs but somebody will take his place. what has to happen is that we have to break the back of corporate power which is now global. and break the logic whereby everything is about profit that nothing has. any value beyond its monetary value that's an extremely dangerous moment for any society to live in because when nothing has an intrinsic value whether that's water air or. human and human beings then the ruthlessness of those corporate forces mean that you will squeeze every ounce of attentional profit i mean everything becomes a commodity and you squeeze those commodities until there's nothing left and that's exactly what's happening so it's not individuals it's the rise of corporate power which is a species of totalitarianism defriended differs from past systems of totalitarianism but it is no less totalitarian than fascism or communism or totalitarian forces right i

should be acting today no matter how much the baron's of carbon from the koch brothers to exxon mobil the trans canada the matter how much they may dislike it the weird behavior of the jet stream is warning us right now. today but we have to do something and do it quickly mr president please move forward with your instructions to the e.p.a. to regulate and reduce carbon dioxide emissions. and that's the way it is monday february twenty fourth twenty four. begins with you. your. face. technology innovation. from russia. on larry king now he's a timeless talent it's way below i stepped on a coach's foot in the eighth grade and the screen going off my foot you're hunk of meat loaf's and eighth graders think things like that are really funny i don't rely on the audience for my performance for my energy i'm always said i can give the same show in front of four treatments then get in front of four hundred thousand people plus i'm small pot in one day done in the sixty's and i thought there was people in the drawers and i was opening kitchen cabinets going ok i know you're in here so i can't

getting some rather unexpected support from one of the world's biggest oil producers the head of exxon mobil has joined a lawsuit against the construction of a water tower near its home which is planned to be used for hydraulic fracturing although some of his arguments left one environmental activist who were tended to one of the hearings a somewhat bewildered. ironically i was sitting in the room full of people who were there to beg this the town of barton vale to enact a mock moratorium on new drilling permits and so it was very surreal for us to hear rex tillerson talking about and unsightly water tower that my disrupt his e.u. when these people sitting in the audience had water that would phone like dishwasher dish water they had rashes there were so many toxic release of gas near their homes that they had to evacuate five hundred and one release in just one year they had to wait their small children up at night any vacuum wait in the middle of the night to get away from these toxic gases are some of the global headlines for you now police in peru firing tear gas to disperse protesters w

. >> when names like chevron and exxon mobil aren't working, then you have to look for names that have a story. what are story stocks right now? twitter and it's wynn. wynn, we know what the story is. we've talked about it. it's macaw. i think what's interesting is people are trying to buy call because they want to participate to the up side. both of those names, twitter and wynn sought more than twice as many calls as puts straight today. >> maybe we're making too much about how concerned investors are. gold had the first weekly loss in a long time. the market is as bad as it felt day to day, the markets fell flat. >> the fair point is the market isn't off of highs. it's not like we see indications of absolute chaos. the valuation is above its 50-year average for the s&p trading 16.4 times earnings. it isn't as if everybody is getting that. >> i think it's also fair to say coming into 2014 there was a massive level of complacency. risk assets were not priced for volatility. when we're having volatility, when you said the s&p closed flat, the vix didn't. you're seeing a lot of single s

corporate power which is not necessarily driven by individuals so much as driven by corporate interests exxon mobil citibank goldman sachs so you can arrest and imprison the head of goldman sachs lloyd blankfein which is.

the search giant became the second most valuable company in the s & p today, passing exxon mobile for a market cap of just under $400 billion. still apple is the biggest with nearly $460 billion. >> just amazing. >>> our market monitor guest tonight likes to buy stocks that are the innovative part of the stock market, the high growth companies but also high risk to some degree. mark leeman is president of j and p securities and investment bank based in san francisco. mark, how are you doing? >> good. thanks for having me on the show. i appreciate it. >> an individual stock picker but overall do you see this particular get going higher? what did you make of the volatility this week? >> i thought it was an interesting bit of action this week. clearly we had a tough january, which surprised a lot of investors. i think the consensus obviously going into 2014 was that bonds would be weak and stocks would probably continue to be higher. and that's obviously not what happened in the first part of the year. but fundamentals were somewhat decent this week. i think investors really saw opportun

corporate power which is not necessarily driven by individuals so much as driven by corporate interests exxon mobil citibank goldman sachs so you can rest and imprison the head of goldman sachs lloyd blankfein which is where he belongs but somebody will take its place. to happen is that we have to break the back of corporate power which is now global. and break the logic whereby everything is about profit that nothing has. any value beyond its monetary value that's an extremely dangerous moment for any society to live in because when nothing has an intrinsic value whether that's water air or. human him.

the lawsuit against fracking project because it will devalue his five million dollars property as exxon mobil c.e.o. it's rex tillerson job to promote the hydraulic fracturing enabling the recent oil and gas boom and fight regulatory oversight the oil company is the biggest natural gas producer in the united states relying on the controversial drilling technology to extract the excess. option is one tillerson five million dollars property value might be harmed tillerson has joined a lawsuit that cites fracking consequences in order to block the construction of a one hundred sixty foot water tower next to his wife's texas home now these water towers of course the process of fracking requires a huge amount of water and giant lorries giant trucks going in and out back and forth between the water tower and the fracking location stirring up a lot of dust a lot of traffic a lot of potholes in the road the economics of fracking a horrible because the cost far exceeds the benefit and to g.d.p. from burning the gas that you are frac so your debt in the u.k. will go up as a result of all this fracking

of course that's modern american life in a nutshell and a very very ugly rex tillerson of exxon mobil c.e.o. is all in favor of fracking plus of course it affects the value of is five million dollars texas home to the wall street journal tillerson has joined a lawsuit that is trying to block. the construction of a water tower near his texas home at water tower would supply water to a fracking site that's close by in a hurry with a lawsuit create a lot of traffic and noise tillerson his lawyer said that his client joined the lawsuit specifically to protect the value of his home fracking hurts the value of homes all across the country and was nice i suppose the dollars and finally understands that it's apocrypha is jobs. here. coming up what does paradise look like for big oil well it might be in america without the evil a.p.a. and fight climate change and global warming by regulating those oil companies that have a day when this was argued before the supreme court and what does that mean for the future of the e.p.a.'s ability to fight climate change. there. we welcome aaron eight and a

should be acting today no matter how much the baron's of carbon from the koch brothers to exxon mobil to trans canada no matter how much they may dislike it the weird behavior of the jet stream is warning us right now today that we have to do something and do it quickly mr president please move forward with your instructions to the e.p.a. to regulate and reduce or carbon dioxide emissions now. and that's the way it is tonight monday february twenty fourth two thousand and fourteen and don't forget democracy begins with the youth get out there and get back to your. wealthy british. sometimes tirelessly. cardinalities. markets why not. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report on r g i and that. i think corporation kind of can. do and the bad i think all that all about money and i'm fascinated that for a politician to write a lot and. that. there's just too much rat is a guy. that. plays . looks play. play a little. cross talk rules in effect that means you can jump in

so you know exxon mobil doesn't have another year where they pay no income taxes at all and g.e. doesn't go years and years without paying taxes and apple can't keep up you know to do is it. simplifying the tax code is a great woodley important thing if you want to have a discussion where part of that package includes closing you know these so these so-called loopholes i think a lot of many people in the business community would welcome that on the other hand i would just want to point out that the tax code is a very very complicated document as it is it has to be careful the skewed toward it you don't that you don't discourage repatriation or american innovation a lot of people karate no one in work i mean you know really really want to people who are making their money this is not are it's really really rich people in america who are making their money off you know with capital gains and so-called carried interest maximum tax rate is twenty percent i mean what you we have this so-called progressive tax code and so taxes go up until you make to three hundred thousand dollars and

energy giant exxon mobil putting his weight behind a petition not to build a fracking infrastructure near his home and his reasons on r.t. dot com plus antigovernment protests heat up in venezuela as demonstrators light fires in the streets of the capital go to our web site to find out what's getting students riled up. data on millions of school children in new york state being collected and handed over to private companies part of a massive surveillance program that's angering many parents marine important i reports. a new data gathering program in new york state shows that not even america's youngest citizens can be spared from having their personal information collected and stored the department of education is creating a statewide database that will include the names addresses test scores learning disabilities attendance and disciplinary records of every single public school students the data collection begins at the age of five and a private company called in bloom has been contracted to store and protect the records of three point six million students education officials say th

dollars every day literally every day protecting the oil coming over here from saudi arabia and exxon mobil is not paying us back that you would i the taxpayers are paying this this is another opportunity internalised the profits externalized the club saluda think it's interesting tom is that the whole issue you just brought up about it being a target for terrorist attacks as chris has it is has the stadia of sacrifice owns and global capitalism you know i think what the keystone x.l. pipeline does is turn the entire center part of the united states into a sacrifice so many in its environment particularly the reactors that again elizabeth warren has joined a chorus of lawmakers calling on the government to allow the u.s. post office to perform the role of financial services for poor americans this is published over enough in post and and she said if the post office offered basic banking services nothing fancy just basic bill paying cash a check cashing in small dollar loans then it could provide affordable financial services for under-served families at the same time shore up its own financ