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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 Malinda Maynor Lowery
Increasingly, Columbus Day is giving people pause.
By Jeff Turrentine
More than 58 million people currently living in the U.S. — 17 percent of the population — are of Latin-American descent. By 2065 that percentage is expected to rise to nearly a quarter. Hardly a monolith, this diverse group includes people with roots in dozens of countries; they or their ancestors might have arrived here at any point between the 1500s and today. They differ culturally, linguistically and politically.
By Tara Lohan
Prigi Arisandi, who founded the environmental group Ecological Observation and Wetlands Conservation, picks through a heap of worn plastic packaging in Mojokerto, Indonesia. Reading the labels, he calls out where the trash originated: the United States, Australia, New Zealand, United Kingdom, Canada. The logos range from Nestlé to Bob's Red Mill, Starbucks to Dunkin Donuts.
The trash of rich nations has become the burden of poorer countries.