Malaysia unveils CO2 storage bill in push to become regional hub

Quick Summary:

Malaysia’s government unveiled legislation to regulate carbon capture and storage activities that will allow the oil producer to widely adopt and monetise the emissions-reducing technology.

The government had initially expected the fledgling sector to add up to $250 billion to its economy within 30 years, though that number might fall with Sabah and Sarawak’s exclusion.

The bill emphasises that storage site operators are responsible for environmental protection and managing other risks.

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Article Details

Category: EconomyBusiness

Markets: ThailandMalaysia

Topics: Utilisation Storage Bill Aims Malaysia Capture Carbon Technology Rafizi Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 16:21:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26660644

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