FTC signs off on Exxon-Pioneer deal with a big catch
The Federal Trade Commission is allowing ExxonMobil to buy Pioneer Natural Resources, the biggest crude producer in the Permian Basin, on the condition that Pioneer\u2019s founder does not serve on Exxon\u2019s board because of his alleged contact with OPEC. POLITICO\u2019s Matt Daily breaks down the significance of these allegations and how it raises questions about Big Oil. Plus, the Biden administration announced the next $3 billion tranche of funding to help remove lead pipes from drinking water systems.\n\nFor more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch\n\nAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy\n\nCatherine Morehouse is an energy reporter for POLITICO. \nNirmal Mulaikal is a POLITICO audio host-producer. \nAnnie Rees is a senior audio producer-host at POLITICO. \nGloria Gonzalez is the deputy energy editor for POLITICO. \nMatt Daily is the energy editor for POLITICO.