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.
These countries will be largely forgotten once oil is no longer a driving economic factor, and they know it.
Do it. We’ll adjust and hopefully take it as a kick up the arse to increase speed on the transition from gas.
Whereas they’ve just stood up in front of the world and said “we can only operate by violating human rights, which we are absolutely doing”
To adapt the Mitchell and Webb sketch… yes, you’re the baddies.
Except that, as we’re frantically building out alternatives to gas, our economically stressed voters will be way pickings for the numerous Russian-backed populist parties, so we need to hold off until we can tell the Qataris to go jump with impunity.
As somebody once put it, politics is the art of saying “nice doggy” until you can find a rock
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.
