US EditionExxonMobil Warns EU Law Could Force Exit From Europe - What Is the Impact to the EU and Investors?
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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
ExxonMobil Warns EU Law Could Force Exit from Europe - What is the impact to the EU and investors?
In a stark warning issued on November 3, 2025, ExxonMobil CEO Darren Woods stated that the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) could compel the company to cease operations in the region. The directive requires large corporations to implement climate transition plans aligned with the Paris Agreement, which Woods argues conflicts with ExxonMobil’s global strategy focused on sustained oil and gas investments am…
ExxonMobil is reacting to the directive that requires companies to identify and address risks to the environment and human rights.
The largest US oil producer called for the complete repeal of the CSDDD directive
Qatar has threatened to halt supplies of liquefied natural gas to the EU. According to a letter to EU heads of state, the new regulation threatens the reliability and availability of energy supplies.
Kaabi and his American counterpart Chris Wright sent a joint letter to EU heads of state on the matter at the end of October. They wrote in it that the directive poses a significant risk to the availability and reliability of essential energy supplies for households and businesses across Europe and an existential threat to the future growth, competitiveness and resilience of the EU economy. The European Parliament's legal affairs committee in Oc…
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