ExxonMobil Threatens To Leave EU Over Sustainability Rules ...Middle East

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ExxonMobil Threatens To Leave EU Over Sustainability Rules
source : OILPRICE ( Middle East ) () 50
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…

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