Qatar warns it should halt fuel provides to Europe if fined beneath EU due diligence legislation

Qatar has grow to be a important provider of liquefied pure fuel to Europe as international locations are lowering their reliance on Russian power following Moscow’s invasion of Ukraine. QatarVitality, the state-owned power large, has long-term LNG provide agreements with Germany, France, Italy and the Netherlands.

Al-Kaabi, who can also be the chief government of QatarVitality, mentioned the EU laws could be unworkable for corporations like QatarVitality. 

The Corporate Sustainability Due Diligence Directive has drawn criticism each from inside and out of doors the EU. Countries should transpose the brand new guidelines into nationwide legislation by 2026 and one yr later, in 2027, the principles will begin to apply to corporations, with a gradual phase-in between three and 5 years after entry into power.

The directive is a part of the bloc’s broader technique to align company practices with its purpose of attaining net-zero emissions by 2050.

The European Commission had no instant remark when contacted by POLITICO.