American energy giant: If the EU does not modify regulations, it will withdraw from the EU market.

On November 3, Darren Woods, CEO of American energy company ExxonMobil, warned that if the European Union does not amend its current Directive on Corporate Sustainability Due Diligence, the company will be forced to exit the European market. It is reported that the EU approved the Directive on Corporate Sustainability Due Diligence last year, introducing mandatory due diligence requirements in areas such as the environment for companies of a certain size operating in the EU. Violators could face fines of up to 5% of their global turnover. During the International Petroleum Exhibition in Abu Dhabi, CEO Woods told the media, "If this regulation is implemented globally, it will prevent companies from continuing to operate in Europe." He emphasized that companies are uniting with global business leaders to resist this regulation, as it could have "disastrous consequences."