The penalties proposed in the European Union’s climate and social responsibility legislation would be bone-crushing to any company, ExxonMobil’s chief executive Darren Woods told Bloomberg. The EU’s planned Corporate Sustainability Due Diligence Directive, which is designed to prevent adverse human rights and environmental impacts across a company’s value chains, has been severely criticized by U.S. officials and industry leaders, including U.S. Energy Secretary Chris Wright. These rules and the EU’s “crusade”…
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