ExxonMobil warns EU law could force exit from Europe

Contributing sentiments towards policy:

55% : The European Parliament agreed to negotiate further changes to the law last month and the EU aims to approve the final changes by year-end.
51% : Woods joins a growing number of energy producers urging European lawmakers to revise the Corporate Sustainability Due Diligence Directive, which requires companies doing business in the EU to identify and address human rights and environmental risks across their supply chains.
43% : But companies, including ExxonMobil, have demanded the EU go further and fully withdraw the policy, arguing it would lead to businesses leaving Europe.
42% : ABU DHABI - US energy giant ExxonMobil will not be able to continue doing business in the European Union if the bloc does not significantly loosen a sustainability law that could impose fines of 5 percent of global revenue, Chief Executive Darren Woods said on Monday.
35% : Speaking at ADIPEC on Monday, Qatar's energy minister reissued a threat to halt supplying Europe with liquefied natural gas (LNG) and said it will not be able to continue doing business in Europe if the EU doesn't change or cancel the law.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.