Qatar has become a critical supplier of liquefied natural gas to Europe as countries are reducing their reliance on Russian energy following Moscow’s invasion of Ukraine. QatarEnergy, the state-owned energy giant, has long-term LNG supply agreements with Germany, France, Italy and the Netherlands.
Al-Kaabi, who is also the chief executive of QatarEnergy, said the EU legislation would be unworkable for companies like QatarEnergy.
The Corporate Sustainability Due Diligence Directive has drawn criticism both from within and outside the EU. Countries have to transpose the new rules into national law by 2026 and one year later, in 2027, the rules will start to apply to companies, with a gradual phase-in between three and five years after entry into force.
The directive is part of the bloc’s broader strategy to align corporate practices with its goal of achieving net-zero emissions by 2050.
The European Commission provided no immediate comment when contacted by POLITICO.
The Qatar Credit Bureau (CB) has announced the launch of its five-year strategy aimed at enhancing and advancing its services to keep abreast with global change
Mohammed Ahmed Al Harbi, President of the Saudi Weightlifting Federation and Secretary-General of the Asian Weightlifting Federation, praised the efforts of the
Doha, Qatar: The National Cyber Security Agency (NCSA) is keen to be proactive and keep pace with the continuous changes in the cybersecurity landscape
Stay informed with free updatesSimply sign up to the EU business regulation myFT Digest -- delivered directly to your inbox.Qatar has threatened to stop vital g