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Europe’s industrial future is under threat – but policy reform can change that
  • The European Union’s (EU) Corporate Sustainability Due Diligence Directive (CSDDD) imposes unrealistic burdens on companies, discouraging investment and innovation.
  • Current EU policy on advanced (also known as chemical) recycling undermines proven solutions to plastic waste, halts major investment in the region, and jeopardizes the EU’s ability to meet its plastic waste reduction targets.
  • Without urgent regulatory reform, companies may be forced to scale back or cease operations in the EU, weakening Europe’s industrial base and slowing progress on decarbonization and economic security.
LNG: Powering progress today and tomorrow
  • LNG is key to meeting rising global energy demand. As the world grows and prospers, we project natural gas demand to rise 20% by 2050.
  • LNG strengthens energy security and reduces emissions, offering a reliable, lower-emission alternative to coal while complementing renewables and helping to insulate markets from geopolitical shocks.
  • ExxonMobil is scaling up to meet future demand. We’ve got four major LNG projects in progress. By 2030, we expect to double our global LNG supply portfolio compared to 2020.
  • We project LNG demand to rise by 3% annually through 2050, helping offset limited supply growth in parts of the market.
Viksit Bharat: LNG can be part of that
  • Lower emissions and availability at scale make LNG a long-term fuel in India’s energy transition.
  • Switching to LNG can help Indian industry reduce emissions while staying globally competitive.
  • A third of India’s heavy-duty trucks are slated to convert to LNG in five to seven years.
The policy keys to unlocking a European industrial comeback
  • Industrial decline in Europe shows the need for a balanced approach to reducing carbon emissions.
  • To attract investments, Europe must reduce burdensome regulations and provide certainty.
  • Europe also needs to create a market for low-carbon products and allow all technologies to compete.