Leaked Documents Show Exxon Mobil CEO Rex Tillerson Ran a U.S.-Russian Oil Company
Donald Trump's nominee for secretary of state was a director of a subsidiary based in the Bahamas, one of the world’s key tax havens.
William Munoz / Flickr / CC-BY 2.0
By Jon Queally / Common Dreams
Documents leaked to a German newspaper reveal that Exxon Mobil CEO Rex Tillerson, nominated by President-elect Donald Trump to be the next Secretary of State, has been the quiet director of a U.S.-Russian oil firm registered in the Bahamas, one of the world’s key tax havens.
According to the International Consortium of Investigative Journalists (ICIJ), which received the documents from the Süddeutsche Zeitung newspaper in Germany, registration papers show “Tillerson was appointed in 1998 as a director of Exxon Neftegas, an Exxon Mobil subsidiary involved in oil and gas operations in Russia.”
[Truthdig editor’s note: The Guardian is reporting that Exxon Mobil said Sunday that Tillerson wasn’t a director of Exxon Neftegas after becoming Exxon Mobil’s CEO in 2006.}
The document is not new, though it was not reported on before Sunday, and is among more than 12 million leaked files that were provided anonymously to Süddeutsche Zeitung and then shared with ICIJ, resulting in the Panama Papers and Bahamas Leaks investigations.
ICIJ reports:
The document highlights Tillerson’s business dealings with Russia, which have drawn new attention as he prepares to face confirmation hearings before the U.S. Senate. Under Tillerson’s leadership, Exxon Neftegas managed a major oil and gas project near the island of Sakhalin in Russia’s Far East. After Tillerson was promoted to CEO of ExxonMobil, the oil giant launched a partnership to search for new reserves in the Arctic with Rosneft, a Russian state-owned company.
As Trump prepares for his presidential inauguration, the connections to Russia of people who will likely serve in his administration have come under scrutiny.
In 2013, Vladimir Putin awarded Tillerson with the Order of Friendship, a state decoration for foreigners whose work improves their countries’ relations with Moscow.
Though there is nothing technically “untoward” about Tillerson’s involvement with this off-shore subsidiary, as the Guardian’s reporting notes, the revelation “is likely to raise fresh questions over Tillerson’s relationship with Russia ahead of a potentially stormy confirmation hearing by the US senate foreign relations committee.”
In response to the revelations, Duncan Meisel, an organizer with the climate action group 350.org, used his personal Twitter account to offer one explanation … [of the Tillerson situation]:
Your support matters…Rex Tillerson also runs a Russian oil company based in a Bahamas tax shelter. Because he’s a supervillain. https://t.co/6vTKNXIpsJ
— Duncan Meisel (@duncanwrites) December 18, 2016
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Echoing his attacks on numerous immigrant groups, the president says there are "very bad gang members" among those fleeing the Bahamas.
Search and rescue teams were still trying to reach some Bahamian communities isolated by floodwaters and debris from Hurricane Dorian.
Hurricane Dorian leaves devastation "unlike anything that we've ever seen before," an official says, with many still stranded in floodwaters.
The Category 5 storm was heading toward the U.S. coast late on Monday.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.