On 13 November 2025, the EPP, home to Commission President Ursula von der Leyen, sided with the far right in the European Parliament to push through amendments slashing corporate sustainability regulation. At the centre of this political drama is the so-called Omnibus I Directive, which seeks to “simplify” green reporting rules for businesses under the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive. However, this simplification exercise has proceeded along shaky assumptions, a questionable technique and an indefensible constitutional basis. I argue that it marks a triumphant comeback for a resilient neoliberal EU.