Overview

• Woods said he raised the EU’s Corporate Sustainability Due Diligence Directive directly with President Trump and is pessimistic about securing a breakthrough.
• The directive would require fixing human-rights and environmental harms across supply chains with baseline fines of about 5% of global turnover; Exxon notes its sales were $339 billion last year.
• Exxon paused a €100 million European plastics recycling investment, citing separate draft EU rules affecting that business.
• The European Commission has proposed easing parts of the law, and EU governments and lawmakers plan to open negotiations on amendments next month.
• U.S. lawmakers, including Senator Bill Hagerty, have introduced measures to shield American firms, while Woods defended long-term LNG investments and denied reports of new talks to restart projects in Russia.