Exxon CEO slams EU climate and human rights directive as threat to oil and gas competitiveness
Exxon CEO slams EU climate and human rights directive as threat to oil and gas competitiveness
ExxonMobil’s CEO criticizes the EU’s new sustainability directive as overly punitive, arguing it stifles investment and harms economic growth. He claims the legislation disproportionately targets oil and gas, limiting viable solutions for decarbonization without disrupting energy supply. This tension highlights greenwashing risks, as corporations resist binding oversight that demands transparency in actual operational changes rather than just marketing net-zero pledges.
Source: worldoil.comPublished on 2025-09-19