ExxonMobil Urges Presidential Intervention Against EU Directives

In a bold move, ExxonMobil Corp. CEO Darren Woods has publicly requested United States President Donald Trump to address the European Union's stringent Corporate Sustainability Due Diligence Directive. This legislation targets large corporations, aiming to mitigate their environmental and human rights impacts.

The Stakes Are High

Woods highlighted the directive's severe penalties, including fines up to 5% of a company's global turnover, describing them as "bone-crushing". He argues that these measures contradict the Trump administration's deregulation efforts and could ensnare businesses in "more bureaucratic red tape in Europe".