EU Competitiveness: practical policy for a better future

ExxonMobil has been a part of Europe’s industrial fabric for more than 135 years.

Our presence in Europe is not just about energy, we are integral to the production of materials that underpin modern life.

But Europe is undergoing a wave of de-industrialization, and we have not been immune. EU policy is on the wrong trajectory and risks catastrophic consequences for Europe’s industrial competitiveness, energy security, and economic resilience.

The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) is breathtaking in its regulatory overreach - resulting in uncertainty and potentially egregious penalties.

Impacting companies both inside and outside the EU, it risks catastrophic consequences for Europe’s industrial competitiveness, energy security, and economic resilience.

Regulatory reform is not optional – it is essential.

News highlights

Darren Woods on delivering practical solutions to advance progress
Earlier this month, Chairman and CEO Darren Woods spoke at the German Marshall Fund Brussels Forum in Belgium. In his remarks, he emphasized the need for solutions grounded in reality that address diverse economic and energy needs around the world.
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