Exxon CEO Expresses Concerns Over EU Climate and Recycling Regulations
Originally Published 3 months ago — by Semafor
Exxon CEO expresses pessimism about Europe's strict ESG and climate reporting rules, which could impact US LNG exports to Europe. While Europe aims to balance climate goals with energy needs amid high prices and geopolitical tensions, Exxon is concerned that current regulations may hinder long-term deals and economic viability. The CEO advocates for repealing some legislation, criticizing Europe's approach as ideologically driven and confusing.