ExxonMobil (XOM.N) CEO Darren Woods said the EU's new climate rules — notably
strict methane regulations effective 2027 and the Corporate Sustainability Due
Diligence Directive requiring net-zero plans across global supply chains — will
begin to reduce Europe’s energy imports. Woods warned that, as drafted, no
companies in the energy sector can meet the law’s requirements and criticized the
measures for tightening supply amid global product shortages, saying policy
should promote open trade to secure resources rather than restrict supply.
