ExxonMobil CEO Warns EU Sustainability Law Could Force Exit from Europe

A flare burns off excess natural gas produced by oil wells in McKenzie County, in Williston, N.D., on Dec. 21, 2023.Madalina Vasiliu/The Epoch TimesU.S. energy giant ExxonMobil may be forced to reconsider its operations in Europe if the European Union’s proposed sustainability law is adopted in its current form, Chief Executive Darren Woods said on Nov. 3, warning that the measure could have “disastrous consequences” for global business.Speaking to Reuters on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Woods said the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) would impose unworkable obligations on multinational companies.