Qatar warns it can halt fuel provides to Europe if fined below EU due diligence legislation

Politico with the report that Qatar has warned it can cease exporting liquefied pure fuel (LNG) to the European Union if penalties are imposed below the EU’s new Company Sustainability Due Diligence Directive.

• Qatari Vitality Minister Saad Sherida al-Kaabi criticized the directive, which mandates firms deal with human rights and environmental points or face fines of as much as 5% of their international annual income.
• “If I lose 5 p.c of my income by supplying Europe, I received’t provide Europe” al-Kaabi advised the FT in an interview printed Sunday.
• “I’m not bluffing”
• “5 per cent of generated income of QatarEnergy means 5 per cent of generated income of the Qatar state. That is the folks’s cash, so I can’t lose that sort of cash – and no person would settle for shedding that sort of cash.”

Qatar’s LNG exports have been essential for Europe amid efforts to scale back reliance on Russian power. This dispute might have vital implications for Europe’s power safety and local weather objectives.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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