ExxonMobil has issued a warning to the European Union (EU) about the potential redirection of its climate-related investments, threatening to withhold billions of dollars unless Brussels reduces environmental red tape. The company blames these regulations for contributing to the deindustrialization of the European economy.
JUST IN - Wacker Chemie AG in Germany prematurely terminates a project for the production of "climate-neutral" methanol due to high electricity requirements and costs. https://t.co/g7sirGtLno
Exxon Threatens To Take Billions Of Dollars In Climate Investment Out Of The EU https://t.co/Rko92AN7a5
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