Republicans accuse Dems of meddling on oil mergers

By Kelsey Brugger | 03/28/2024 01:25 PM EDT

GOP senators urged the Federal Trade Commission against enforcing Democrats’ climate goals.

Sen. Ted Cruz (R-Texas).

Sen. Ted Cruz (R-Texas) wants the Federal Trade Commission to ignore pressure from Democrats on oil industry mergers. Francis Chung/POLITICO

Congressional Democrats have for months been calling for probes of oil industry mergers. Now Republicans are pushing back.

In a letter Thursday to the Federal Trade Commission, more than 35 Senate Republicans told the commission to “follow the law and the facts” in its recently announced review of oil and gas mergers — and not impose “policy preferences” about “climate science” to further political ends.

“Unfortunately, some of our Democratic colleagues do not want you to apply relevant facts or antitrust precedent fairly to these mergers, as demonstrated through their letter,” the Republicans wrote to FTC Chair Lina Khan.


“Their letter makes specious and speculative claims about what these mergers would allegedly portend for ‘climate science’ and ‘climate legislation,’ among other things,” the lawmakers wrote.