Exxon Warns EU That Red Tape Might Push it to Invest Elsewhere, FT Reports

ExxonMobil has warned it would 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”, the Financial Times reported on Tuesday. Exxon had $20 billion set aside for decarbonisation projects between 2022 and 2027, the newspaper reported, citing an … Read more