Exxon has consistently lobbied against the regulation, due to be phased in from 2027, which will require EU and non-EU companies with significant turnover in the bloc to ensure that their supply chains do not harm the environment or human rights. EU member states will be allowed to impose fines of up to 5 per cent of global turnover on companies found to be in breach of the law.

This post uses a gift link which probably has a view count limit. If it runs out, then there is an archived copy of the article