ExxonMobil explores sale of European chemicals plants
Oil company ponders future of UK and Belgian factories amid prolonged industry downturn
Oil company ponders future of UK and Belgian factories amid prolonged industry downturn

Bloc has previously resisted multi-decade commitments to protect its climate ambitions

Woes mount for sector buffeted by high energy prices, weak demand and cheaper Chinese competitors

Oil major will cut investment over next five years from $30bn to $20bn

US oil major warns Europe’s approach has driven up energy costs and eroded public backing for green transition

European Commission also to give reassurances about arms makers’ compliance with environmental standards to attract investment

Thyssenkrupp among companies linking directly to renewable sources to meet climate goals and control energy costs