ExxonMobil has issued a warning to the European Union about the potential redirection of its investments due to the bloc's environmental regulations. The company has expressed concerns that the EU's 'red tape' could force it to invest in regions with less stringent environmental policies. The firm is reportedly ready to withhold billions of dollars in climate-related investments in Europe, blaming the EU's regulations for contributing to the deindustrialization of the European economy.
ExxonMobil warns EU that red tape might push it to invest elsewhere @HenryJFoy @alicemhancock https://t.co/0OSmnv5Eys via @ft
ExxonMobil warns EU that red tape might push it to invest elsewhere https://t.co/yR6kbqY0fW
ExxonMobil has warned it is willing to withhold billions of dollars in climate-related investments in Europe unless Brussels cuts environmental red tape which the company blames for the “deindustrialisation of the European economy”. #oott https://t.co/vIzVoxEvOW
Exxon warns EU that red tape might push it to invest elsewhere, FT reports https://t.co/qYD6lJISTK https://t.co/LRs0dL0QGa
$XOM | ExxonMobil Warns EU That Red Tape Might Push It To Invest Elsewhere - FT https://t.co/8EYV3AjcQ0
Decades of public debate…. And the rate of climate change is accelerating. Exxon really won. They maximized shareholder value by sacrificing 90% of species, all coral reefs and Bangladesh. https://t.co/Cs4dMFQ4cj