FTC Blocking Scott Sheffield from ExxonMobil Board
Earlier this year, the Federal Trade Commission (FTC) alleged that Pioneer Natural Resources Chairman Scott Sheffield colluded with the Organization of the Petroleum Exporting Countries (OPEC) to manipulate global oil and gas production and increase oil and gas prices.
In response, the FTC blocked Mr. Sheffield from joining the board at ExxonMobil following the merger of the two companies. I sent a letter to FTC Chairwoman Lina Khan demanding answers and transparency for this decision. This is a blatant overreach of the FTC and its power.
Read more in the Daily Caller here or below.
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