ExxonMobil Warns EU Climate Rules Could Crush American Companies, Botch Trade Deal
CEO Darren Woods calls the EU’s CSDDD ‘worst legislation’ he’s seen, warning of climate fines and net zero mandates.
by Michael Kern September 18, 2025, 11:07 AM
The penalties proposed in the European Union’s climate and social responsibility legislation would be bone-crushing to any company, ExxonMobil’s Chief Executive Darren Woods told Bloomberg. [emphasis, links added]
The EU’s planned Corporate Sustainability Due Diligence Directive (CSDDD), which is designed to prevent adverse human rights and environmental impacts across a company’s value chains, has been severely criticized by U.S. officials and industry leaders, including U.S. Energy Secretary Chris Wright.
These rules and the EU’s “crusade” toward net zero are a threat to the U.S.-EU trade deal, Secretary Wright told the Financial Times earlier this month.
“I think those regulations significantly threaten the ability to implement the trade deal that was agreed to,” he added.
https://climatechangedispatch.com/exxon-eu-csddd-climate-rules-warning/
