Exxon Mobil Lobbies Trump Administration to Challenge EU Sustainability Law

Exxon Mobil is escalating its opposition to the European Union's Corporate Sustainability Due Diligence Directive (CSDDD), seeking intervention from former U.S. President Donald Trump. The law mandates stringent human rights and environmental supply chain oversight, with non-compliance penalties reaching 5% of global revenue—a potential $17 billion liability for Exxon given its $339 billion annual sales.

CEO Darren Woods contends proposed amendments to the CSDDD remain inadequate, advocating for complete repeal. The energy giant warns of operational disruptions if forced to implement these standards globally, describing the financial penalties as potentially "bone-crushing." This corporate pushback mirrors broader European business concerns about regulatory competitiveness.