Houston Chronicle - Exxon, Chevron mergers face test at Biden's FTC

Barry Lynn is quoted in the Houston Chronicle from a statement urging US regulators to block both buyouts.

Following the announcement of the Exxon and Chevron deals, Barry Lynn, executive director of the group, released a statement urging U.S. regulators to block the sales.

“The two corporations already exercise far too much control over everything from the price of the gasoline in your car and the natural gas in your furnace,” he wrote. “The proposed deals mean higher prices for every American and harder days for U.S. manufacturers and farmers.”

And political pressure from Democrats and Biden himself to slow down corporate consolidation is ramping up..

Read the full article here.