Climate Power Applauds FTC Steps to Hold Exxon Accountable
Washington, D.C. – Today, the Federal Trade Commission requested more information on Exxon’s proposed takeover of Pioneer Natural Resources. In response to the news, Climate Power senior advisor of oil and gas Alex Witt released the following statement:
“Exxon publicly promised to reduce emissions, yet subsequently spent $60 billion acquiring another fossil fuel company – doubling down on their commitment to oil and gas and putting profits over people. The FTC is right to investigate Exxon’s acquisition of Pioneer, which could raise prices at the pump and is aimed at keeping the U.S. reliant on fossil fuels.”
Last month, Climate Power and other progressive organizations sent a letter to the FTC urging them to investigate Exxon’s buyout of Pioneer and Chevron’s merger with Hess.