Exxon Says EU’s ‘High-Regulation, High-Cost’ Climate Crusade Fueled By Magical Thinking
Report warns the net-zero experiment has backfired, driving up energy prices and offering America a cautionary tale.
by Julianne Geiger August 29, 2025, 2:50 PM in Energy, Money & Finance, News Reading Time: 2 mins read
ExxonMobil has decided it’s time to play teacher. In its freshly minted Global Outlook, the U.S. supermajor offered a chapter called “Lessons from Europe”—and the grading isn’t pretty. [emphasis, links added]
The EU’s climate policies, Exxon argues, are a cautionary tale of what happens when governments push through decarbonization with heavy regulation and magical thinking.
The report claims that Europe’s “high-regulation, high-cost” climate crusade has hobbled industry, pushed up energy prices, and weakened public support for the very clean tech needed to hit net-zero goals.
In other words: fail, fail, and fail again.
https://climatechangedispatch.com/exxon-europe-net-zero-high-cost-crusade/
