"A letter jointly sent by the US and Qatar, two of the three largest LNG exporters in the world, warned the EU that its new rules pose an existential threat to European economies as they would hinder imports of gas from countries such as theirs. The EU should either completely repeal or substantially cut back the new rules, known as the corporate sustainability due diligence directive, according to the letter."
"The directive, which is set to be debated by EU legislators in the coming week, requires gas exporters to the 27-country bloc to show they protect human rights and are cutting their planet-heating emissions, or risk hefty fines. Its implementation could jeopardize existing and future investments, employment, and compliance with recent trade agreements, the letter states. There is little debate that natural gas and LNG will remain a critical energy source and a key part of the EU's energy mix for many decades."
The United States and Qatar demanded that the European Union repeal or substantially reduce corporate sustainability and human-rights rules to permit greater liquefied natural gas (LNG) imports. The targeted directive would require exporters to demonstrate human-rights protections and emissions reductions or face substantial fines. The proposed restrictions are portrayed as risking investments, employment, and compliance with recent trade agreements and as threatening European economies. Natural gas and LNG are expected to remain important components of the EU energy mix for decades. The US administration is actively promoting fossil fuels internationally and criticizing net-zero policies and the Paris agreement.
Read at www.theguardian.com
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