Qatar’s energy company is pushing back against the EU’s new ESG reporting standards. The company says the directive creates challenges that make “absolutely no sense”. QatarEnergy’s CEO warns that the company may not supply LNG to the EU if penalized.
The EU’s Corporate Sustainability Due Diligence Directive requires large companies to report on their ESG practices. QatarEnergy says it cannot meet the EU’s net zero requirements, and the directive’s penalties are unfair.