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.
“Warns”? The word they’re looking for is “threatens”.
But then that’d risk being factually correct.