Exxon has warned the European Union that it will leave and take billions of dollars in climate investment with it unless Brussels makes it easier to spend those billions on transition-related projects. The Financial Times cited the company today as saying that there was way too much red tape in the EU and it took too long to get a project going, which prompted the supermajor to consider spending its $20 billion in decarbonization investments for 2022-2027 elsewhere. “When we make investments, we’ve got very long time horizons…
