3M chief warns Obama over business regulation.
George Buckley, chief executive and chairman of 3M:
Regulation on the chemical industry is business as usual. Depending of the type of measure, there are companies agreed with those initiatives, there are others than no.
For those they reject to the new conditions first move is threat: we are going to move the company production outside!!
The European Union, knowing this behaviour, based the Reach principles with a basic scope: it applies to the companies that commercialize their products in the EU area. Problem solved. 🙂