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Exxon urges U.S. to block EU law forcing companies to track supply chain impacts, calling it harmful to business.
Exxon Mobil is urging the U.S. government to oppose the European Union’s Corporate Sustainability Due Diligence Directive, which requires companies to address human rights and environmental issues in their supply chains or face fines of up to 5% of global turnover.
CEO Darren Woods has raised concerns with President Donald Trump, calling the law “the worst piece of legislation” he’s seen, claiming it threatens business competitiveness and could drive companies out of Europe.
The company has paused a €100 million investment in European plastic recycling and seeks U.S. intervention, expressing disappointment with EU regulatory responses.
While the EU plans to discuss potential changes, Exxon insists current proposals are insufficient and wants the law revoked.
Exxon insta a EE.UU. a bloquear la ley de la UE que obliga a las empresas a rastrear los impactos de la cadena de suministro, calificándola de perjudicial para los negocios.