Republican lawmakers press FTC's Khan on energy sector merger scrutiny
Published On Nov 18, 2024, 2:35 PM
Republican lawmakers are scrutinizing FTC Chair Lina Khan's approach to regulating mergers in the energy sector, particularly the ExxonMobil-Pioneer and Chevron-Hess mergers. They argue that the FTC's actions appear politically motivated rather than based on genuine competition concerns, alleging the agency has used consent decrees improperly. This scrutiny comes as these high-profile mergers face challenges and regulatory pressure, with politicians suggesting the FTC's decisions reflect broader political agendas rather than antitrust principles.