Senate Majority Leader Chuck Schumer and 22 Democratic senators sent a letter to the FTC calling for an antitrust probe of acquisitions by ExxonMobil and Chevron.
Senate Majority Leader Chuck Schumer, D-N.Y., and 22 Democratic senators sent a letter to the Federal Trade Commission asking the regulator to investigate record-breaking deals by Chevron and ExxonMobil over concerns about the impact on competition in the energy sector.
" OIL SLIDE HITS EXXONMOBIL PROFITS Further, the Democrats’ letter said the "proposed transactions would augment these corporations’ outsized political power, further enabling them to spend millions on lobbyists to thwart climate legislation, litigation to slash environmental rules, and a coordinated campaign to mislead consumers and discredit climate science — all to protect their billions in profits.
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