Tag #Green Technology Investment

What are the primary factors driving ExxonMobil's decision to exit German oil refining, and what are the immediate implications for the European energy sector?

ExxonMobil plans to divest from its 25% stake in Germany's MIRO refinery and exit German oil refining, citing numerous factors influencing this decision. The EU's complex and ever-changing regulatory environment, including high compliance costs and stringent disclosure requirements, is a significant deterrent to long-term investment. This bureaucracy discourages investment in research and development, hindering growth and competitiveness within the EU.