Exxon Says EU Business Retreating, Trump Approach ‘Balanced’

Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of key European Union climate and human rights legislation and contrasted the continent’s energy strategy with the “balanced” conversation being led by US President Donald Trump’s administration.

The Texas oil and gas giant is slowing investment in Europe and selling assets, as Woods characterized the continent’s regulation as “slowing things down and trying to over-prescribe unpractical” solutions.