Exxon CEO Urges Trump to Challenge EU Climate, Rights Rules

Exxon Mobil Chief Executive Officer Darren Woods has urged the Trump administration to use its trade negotiations with Brussels to push back against a forthcoming European Union climate- and human-rights regime that he says would expose U.S. companies to “bone-crushing penalties.” Woods argues the EU proposal applies extraterritorially and would disadvantage American exporters by imposing sweeping compliance obligations on their global supply chains. Exxon said it is looking to President Donald Trump to address the issue in the current round of trans-Atlantic trade talks.