Sarawak aiming to cut greenhouse gas emissions by 45% in eight years

August 2, 2022

Our children are still screwed.

Dateline 2022-05-26, The Star:

The Sarawak government is conducting a climate change policy study with a view to developing strategies for a significant reduction of greenhouse gas emissions in the state.

Deputy Premier Datuk Amar Awang Tengah Ali Hasan said it would also help the state draw up low-carbon society blueprints for its cities and towns.

“It will also include adaptation strategies to address climate change phenomena such as floods, droughts and threats to biodiversity,” he told the state assembly in his winding-up speech on Thursday (May 26).

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Serba Dinamik receives writ of summons from Malaysian Trustees Bhd, confirming The Edge’s story

August 1, 2022

Can be retitled as ‘I told you so’.

Dateline 2022-05-26, The Edge:

Serba Dinamik Holdings Bhd said on Thursday (May 26) that it received a writ of summons from Malaysian Trustees Bhd on May 18.

The company was responding to a Bursa Malaysia query seeking clarification on The Edge’s story entitled: “Serba Dinamik slapped with suit seeking repayment of RM100m after defaulting on debt papers”.

In a filing with Bursa on Thursday, the oil and gas service provider reiterated that it is taking steps to procure the support of Malaysian Trustees regarding the application for a court-convened meeting of its creditors and the application for a restraining order to be granted over the company.

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IEM Shout Out – Internships 2022-07

July 29, 2022

For those of you looking for internships, IEM has the following advert for internships. Contact sarita@iem.org.my, or call +60379684011 +6079684022 for an appointment. Tell them Ir. Wata said, you want to be Special Assistant to VPs Razak and Yau 🙂 (seriously, don’t say that).

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Renewable energy trading within Asean power grid important for sustainability – TNB

July 28, 2022

Dateline 2022-05-26, NST:

Collaboration in energy trading, especially generated from renewable sources among the Asean power grid will be important for sustainability and energy adequacy, said Tenaga Nasional Bhd (TNB).

Dr Noor Miza Muhamad Razal, project director at the Project Management Office Sustainability Pathway 2050 Strategy and Ventures Division, said grid-interconnection would be good for power systems anywhere beyond energy transfer as it offers a measure of stability to the systems.

However, this depends on the respective countries whether they consider internal consumption of renewable energy (RE) as better when it comes to addressing the sustainability agenda, she said during a virtual briefing on TNB’s Sustainability Pathway today.

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Petronas: Decarbonising fossil fuel the way to go

July 27, 2022

Dateline 2022-05-26, The Edge:

OVER the years, there has been much debate on whether low-carbon solutions such as carbon capture technology are relevant in the light of renewable energy adoption and the energy transition.

The recent energy crunch, which saw oil and gas prices skyrocket amid high demand, and pushed some countries to even revisit coal for power generation, has proved that fossil fuel use cannot be avoided in the near term.

This means it is even more pertinent to explore technologies that allow carbon reduction and offset during the energy transition, says Petroliam Nasional Bhd (Petronas) vice-president and chief sustainability officer Charlotte Wolff-Bye.

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Get going on old plan for targeted fuel subsidies, says economist

July 26, 2022

Why is it that petrol dealerships say they always lose, no matter what the government implements?

Dateline 2022-05-23, FMT:

The government should get going with its plan for targeted fuel subsidies which was hatched 10 years ago, says an economist, amid fears over the rising costs of subsidies.

Universiti Tun Abdul Razak economist Barjoyai Bardai said disputes over the subsidy mechanism had held back the plan, particularly over who qualified for the fuel subsidies based on engine capacity.

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Meet the farmer: Yit Tung

July 25, 2022

Someone played the exit from O&G card early. I still yearn for a vertical vanilla bean plant.

Dateline 2022-05-23, The Fish Site:

“Within three months of working in oil and gas I knew it was not a job that I could do for my whole career. But aquaculture – I can easily imagine doing this for 30 or 40 years,” he muses.

Tung moved into aquaculture in 2017, shortly after graduating from university, when – together with a few friends – he was looking to invest in a business.

“We bought an RAS from China and tried to use it to produce mud crabs. But the system didn’t work,” Tung recalls of his early efforts.

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Removing fuel subsidies may backfire, says Fomca

July 23, 2022

Obvious open mic material.

Dateline 2022-05-23, NST:

Removing fuel subsidies for Malaysians and permanent residents with locally registered cars amid the soaring prices of goods and rising cost of living may backfire and cause higher inflation.

Federation of Malaysian Consumers Associations (Fomca) chief executive officer T. Saravanan said this was because suppliers and traders were extremely sensitive to fuel prices and would raise the price of goods whether or not they were affected by the subsidy removal.

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Azmin: Govt likely to introduce targeted fuel mechanism amid rising crude oil prices

July 22, 2022

I repeat myself like a broken record: more carrot and stick for public transport.

Dateline 2022-05-21, Malay Mail:

The government is likely to introduce a targeted fuel mechanism to cushion the impact of the rising crude oil prices, especially for the lower-income group, said Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.

He said the government is still working on a suitable structure following the sharp jump in the fuel subsidy projection for 2022 to RM28 billion, compared to RM11 billion in 2021.

“We talked about the review in a special retreat recently.

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Malaysia Among Asia’s Net Zero Champions

July 21, 2022

Dateline 2022-05-20, The ASEAN Post:

…

All is not doom and gloom in Southeast Asia’s race to Net Zero. In many countries in the region, the private sector is actively leading the way by setting ambitious targets to decarbonize swiftly.

In Malaysia for instance, the Sunway Group is fiercely committed to achieving its Net Zero carbon emissions targets by 2050 in line with the Southeast Asian country’s 12th Malaysia Plan; with its Prime Minister pledging the ASEAN member state’s full commitment to achieving its target of becoming a carbon-neutral nation by as early as 2050.

In 2020, the group became one of the first few Malaysian companies to pledge support to the Task Force on Climate-related Financial Disclosures (TCFD), demonstrating its transparency in reporting its risk and opportunities related to climate change.

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