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.
If you’re waiting until everything is stable and safe and comfortable, you’ll never actually act. It’s always easier to destabilize and scare than it is to actually fix something. If the plan is to not move until it’s safe, anyone with a vested interest in maintaining the status quo will always be able to scare you into inaction.