Petronas needs new direction to survive climate change, says MP

October 8, 2021

Again, PETRONAS, Petrlouem Development Act? This is like saying PROTON needs to pivat towards mass transport, and gomen will subsidise them… wait. Or maybe Malaysian Airlines needs to pivot toward hospitaliy services, and gomen will subsidise them.. wait.

Dateline 2021-09-29, FMT:

State energy firm Petronas has to change its business model to survive in the coming decades due to climate change.

Wong Chen (PH-Subang) said it would need to focus instead on renewable energy, together with its contractors, vendors and suppliers.

“Otherwise, Malaysia will face a catastrophe,” he said during his speech on the 12th Malaysia Plan (12MP) at the Dewan Rakyat.

MP: Petronas not the PM’s property, should instead answer to Parliament

September 18, 2020

Dateline 2020-08-06, Malay Mail:

Subang MP Wong Chen demanded today that the government explain its latest refusal to give Parliament oversight of state oil firm Petronas.

Wong said this was not the first time he raised this matter but was revisiting it since Petronas and other oil companies were grappling with depressed oil prices globally.

“The reply I got from the prime minister is that Petronas is managed by excellent senior executives and its directors are equally excellent and all are committed to good corporate governance with the highest level of integrity.