Exxon CEO Warns of ‘Bone-Crushing’ EU Climate, Human Rights Law

Exxon Mobil Corp. called for European leaders to repeal a new climate and human rights law that would fine corporations and is threatening to become a flashpoint in US-EU trade negotiations.

Designed to root out human rights abuses and improve environmental standards, critics say the European Union’s Corporate Sustainability Due Diligence Directive has evolved into a sweeping set of regulations that make net zero plans mandatory and apply outside Europe to companies’ entire global supply chains.