ExxonMobil Threatens To Leave EU Over Sustainability Rules
ExxonMobil would be forced to quit its business in Europe if the European Union doesn’t materially ease its sustainability regulations that impose penalties on companies in case of non-compliance, chief executive Darren Woods told Reuters on Monday. Last year, the EU formally adopted the Corporate Sustainability Due Diligence Directive (CSDDD). These new EU-wide rules introduce obligations for large companies regarding adverse impacts of their activities on human rights and environmental protection. The EU directive is part…