Trump’s agenda drops pressure on the EU to reduce bureaucracy

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Large companies and national governments put pressure on Brussels to reduce their sustainability program in the midst of a fierce debate about the impact of Donald Trump’s deregulation on the EU.

The last call for reform rules for which companies say to suffocate investments comes from the US oil and gas group ExxonMobil. Europe President Philippe Ducoma said that “very little” of 30 billion euros will be intended for investing in technologies, such as heating hydrogen and carbon, he will come to Europe as a result of his “frivolous, exaggerated and expensive regulation”.

“Much of what Europe does is trying to do the right thing, but to work wrongly,” Duca told the Financial Times.

The influential European Round Table for Industry, which, among its members, has the largest industrial, consumer and energy companies of the block, was also significantly critical in its latest work, designed to resolve climate change and improve corporate behavior and investment.

“There are too many complex and generally unclear definitions and conditions, as well as unclear applications and requests for publication,” the statement is said.

President of the European Commission Ursula von der Leyen Business leaders in Davos contracted last week to quickly facilitate the regulatory burden of companies. One European Executive Director said that Europe “loses its competitiveness” daily. Another said it was necessary to change the perception of the US financier who currently considered “Europe”.

Von der Leyen simplified sustainability, reporting on the central goal of his second term at the head of the EU Executive Government. But companies and governments are increasingly concerned that this will not be enough to protect the competitiveness of the block, especially given the agenda of taxes and the reduction of the rules of the President Trump in the US.

Among the national governments, more and more Gomili pressure on Brussels, France called last week for a “massive regulatory break” on legislation that covers everything from chemicals to financial directives.

German Chancellor Olaf Scholz, who is facing the election in February, wrote the European Commission this month to invite the two -year delays to the more stricter rules for reporting the sustainability of the corporation, which begin to enter into force since January this year for the greatest companies.

Push indicates a sharp reversal of EU leaders, who have previously supported the strong climate change plan that has raised firmer rules for companies to encourage them to deal with pollution behind global warming.

2022.

But the economy for the designation and pressure of the right -wing parties, as well as the challenge of the new American administration, forced EU policy creators to face a return reaction.

Trump criticized the EU legislation as “very cumbersome” in the video address of the World Economic Forum last week, which also attacked the block for its tax and trade regime and announced its own deregular urge.

Von der Leyen admitted that “too many companies refraining in Europe for unnecessary bureaucracy,” in his own remarks derived in Davos. The Commission would launch a “far -reaching simplification of our sustainable financing rules and depth,” she promised.

The proposal setting a reduction in corporate reporting rules in three main directives – reporting on sustainability, the laws of the supply chain covering the abuse of environmental and human rights and green definitions for investment – due in February.

The Commission has announced that it will reduce 25 percent of the reporting requirements for larger companies and 35 percent for small businesses, according to a document -outline that describes plans to improve EU competitiveness.

The audits have already encouraged divisions within the Commission and among the Member States and legislators, especially from the countries where companies have already prepared for new reporting rules.

“We have to do something, but also the predictability [for businesses]”Said the second older EU diplomat.

Experts are also worried that Brussels will be pushed to rest too far because of the US pressure.

Martin Porter, Executive President of the Cambridge Sustainability Institute, said there is a “clear risk” that “the wide agenda of simplification separates the policies that companies have already invested.”

This is contrary to the comprehensive goal of the EU that sustainability is used as a competitive advantage that would help his economy grow, he added.

Additional reporting Ben Hall