Enbridge-Spectra Mega-Merger Bad for Consumers, Climate

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.

(End of article)

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