Exxon CEO Warns EU’s CSDDD Would Cripple Business

ExxonMobil CEO Darren Woods has called the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) “the worst piece of legislation I’ve seen since I’ve been in this job,” warning that its extraterritorial requirements and steep penalties could force global companies to reconsider doing business in Europe. The proposed directive would obligate multinational firms to align supply chains with the Paris Agreement, enforce legally binding climate transition plans, and expose violators to pena ...