According to Exxon CEO Darren Woods, when will Europe start losing energy imports due to the new EU climate law, and what specific regulation is responsible?

According to ExxonMobil CEO Darren Woods, Europe will start losing energy imports in 2027 when 'onerous new methane regulation' comes into force. He specifically identifies this timing and regulatory trigger in relation to the European Union’s Corporate Sustainability Due Diligence Directive — a broad set of regulations that mandate net zero plans and apply extraterritorially across companies’ entire global supply chains.

What is Darren Woods’ core criticism of the EU’s Corporate Sustainability Due Diligence Directive, and how does he characterize its impact on global energy trade?

Darren Woods’ core criticism is that the directive is 'very bad policy' that the industry cannot comply with as currently written; he states 'nobody in the industry can meet the law as it stands.' He characterizes its impact as counterproductive to energy security, arguing it 'constricts' trade at a time when 'the world is short product' and urging policies that instead 'open up trade and give you access to as much as possible.'

Exxon CEO Says Europe to Lose Energy Imports on New Climate Law

Jul 31, 2026

ExxonMobil CEO Darren Woods warns that new EU methane regulations will cause Europe to lose energy imports starting in 2027, criticizing the policy as detrimental during global product shortages.

bloomberg

2026-07-31

Exxon CEO Says Europe to Lose Energy Imports on New Climate Law

Exxon CEO Says Europe to Lose Energy Imports on New Climate Law

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