Core Viewpoint - The CEO of ExxonMobil warns that the company will be forced to exit the EU market if the current EU Corporate Sustainability Due Diligence Directive is not amended, citing potential catastrophic consequences for businesses operating in Europe [1]. Group 1: Regulatory Concerns - The EU's Corporate Sustainability Due Diligence Directive, approved last year, imposes mandatory due diligence requirements on large companies operating in the EU regarding environmental and other factors, with violators facing fines of up to 5% of global revenue [1]. - ExxonMobil's CEO stated that if this regulation is implemented globally, it would hinder companies' ability to operate in Europe [1]. Group 2: Industry Reactions - The regulation has faced opposition from multiple countries, including Qatar, which supplies 12%-14% of Europe's liquefied natural gas and has threatened to halt gas supplies to Europe [1]. - The U.S. has also urged the EU to reconsider the regulation, arguing that it poses a threat to European energy security [1]. Group 3: Legislative Developments - The European Parliament has initiated a legislative process aimed at approving a final amendment by the end of the year, but ExxonMobil and other companies demand a complete withdrawal of the regulation or they will consider leaving the European market [1].