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Trump Completes Pipeline Trifecta, Rubber Stamps Enbridge-Spectra Merger
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.
The Trump administration is quickly fulfilling the fossil fuel industry's wish list. The American people will pay the price for gargantuan gas giveaways—higher prices, a dirtier environment and climate chaos. Approving this deal is a bad omen for future antitrust enforcement. It seems as though the White House has pulled the cops off the antitrust beat entirely, much to Wall Street's delight.
EcoWatch Daily Newsletter
By Eddie Ndopu
- South Africa is ground zero for the coronavirus pandemic in Africa.
- Its townships are typical of high-density neighbourhoods across the continent where self-isolation will be extremely challenging.
- The failure to eradicate extreme poverty is a threat beyond the countries in question.
The U.S. Food and Drug Administration has approved the use of two malarial drugs to treat and prevent COVID-19, the respiratory infection caused by the SARS-CoV-2 coronavirus, despite only anecdotal evidence that either is proven effective in treating or slowing the progression of the disease in seriously ill patients.
A team of scientists drilled into the ground near the South Pole to discover forest and fossils from the Cretaceous nearly 90 million years ago, which is the time when dinosaurs roamed the Earth, as the BBC reported.