U.S. energy giant ExxonMobil may be forced to reconsider its operations in Europe if the European Union’s proposed sustainability law is adopted in its current form, CEO Darren Woods said on Nov. 3, warning that the measure could have “disastrous consequences” for global business.
Speaking to Reuters on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Woods said the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) would impose unworkable obligations on multinational companies.
