Syndicated from post here.
“The White House completed its pipeline trifecta yesterday by rubber stamping the Enbridge-Spectra merger after approving the Dakota Access Pipeline and reversing the blocked Keystone XL Pipeline. The Federal Trade Commission (FTC) approved the deal without requiring the merged firm to divest a single inch of its 38,000-mile oil and gas pipeline network. The company will be able to exert market power to reduce output and raise prices on consumers. As with other industries, this mega-merger only benefits company shareholders, not communities.