Bloomberg News: US Anger Grows Over Global Reach of EU’s ‘Hostile’ ESG Rules

[rangerrebew]

Bloomberg News: US Anger Grows Over Global Reach of EU’s ‘Hostile’ ESG Rules
By Marc Morano
March 11, 2025
11:46 am

https://www.bloomberg.com/news/articles/2025-03-05/us-anger-mounts-over-global-reach-of-eu-s-hostile-esg-rules?embedded-checkout=true

As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties.

The American Chamber of Commerce to the European Union (AmCham EU) says proposed revisions to the bloc’s environmental, social and governance rules don’t adequately protect US interests. The complaint is part of a growing US response to Europe’s ESG framework. Republican lawmakers call the rules “hostile” and warn that America’s jurisdictional sovereignty is at stake, while Commerce Secretary Howard Lutnick has said he’s willing to consider “trade tools” to retaliate.

The European Commission proposed changes last week that would rein in the scope of two major ESG laws: the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive. However, big international companies with business in the EU would still have to comply.

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https://www.climatedepot.com/2025/03/11/us-anger-grows-over-global-reach-of-eus-hostile-esg-rules-bloomberg/