Summary
Qatar warned it’ll halt gas exports to the EU if fined under the EU’s Corporate Sustainability Due Diligence Directive, which fines companies for human rights or environmental impacts, up to 5% of global revenue.
Qatari Energy Minister Saad Sherida al-Kaabi criticized the law as unworkable for QatarEnergy, a key LNG supplier to Europe.
The directive, part of the EU’s net-zero 2050 strategy, faces criticism but is set to be implemented by 2027.
The EU emphasizes its alignment with international standards and proportional enforcement of the rules.
Not really. Deindustrialization of EU is in large part driven by high energy cost (1). Most visible in chemical and automotive sector. This affects countries national budgets, and citizens well being.
The decline of heavy industry has been going on far longer than the switch to renewables. Effectively we’ve been outsourcing our pollution to developing countries. But even those countries are realising that this isn’t sustainable. And China is leading the world in renewable deployment too.