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ExxonMobil, QatarEnergy Threaten to Halt EU Operations Over Directive

11/3/2025

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Summary

Story summary

ExxonMobil and QatarEnergy warned the European Union (EU) they may cease operations if the Corporate Sustainability Due Diligence Directive is not revised.
Darren Woods, ExxonMobil CEO, described the fines of up to 5% of global revenue as 'disastrous'.
Saad al-Kaabi, QatarEnergy's Energy Minister, echoed concerns, noting Europe needs gas from Qatar and the United States.
The EU is negotiating changes to the law, with discussions expected to conclude by year-end.

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Story summary

ExxonMobil and QatarEnergy warned the European Union (EU) they may cease operations if the Corporate Sustainability Due Diligence Directive is not revised.
Darren Woods, ExxonMobil CEO, described the fines of up to 5% of global revenue as 'disastrous'.
Saad al-Kaabi, QatarEnergy's Energy Minister, echoed concerns, noting Europe needs gas from Qatar and the United States.
The EU is negotiating changes to the law, with discussions expected to conclude by year-end.