Exxon Says EU Business Retreating, Praises Trump’s Approach (1)

Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising US President Donald Trump’s approach.

The Texas oil and gas giant is slowing investment in Europe and selling assets, with Woods describing the bloc’s climate and human rights regulations as “slowing things down and trying to over-prescribe unpractical” solutions.

He was underlining strong criticism he directed last month at the EU’s ”bone-crushing” Corporate Sustainability Due Diligence Directive.

In contrast, Trump has brought a “more balanced conversation” and “a very explicit recognition of the vital role that energy plays in economic growth ...