The complex interplay between drivers of change – ecosystem disturbance, deep decarbonisation and climate change – had pressed for collective action within the O&G industry in Malaysia.
“Carbon credits generated from this project will then offset the residual emission across our group operations,’’ said Wasco Energy group CEO Giancarlo Maccagno. .Hibiscus Petroleum BhdNatural gas is the cleanest form of fossil fuels and has been included by the European Union as part of their green taxonomy.
Under green and clean investments, Hibiscus has evaluated more than 40 opportunities over the past two years; it continues to assess a sizeable number of potential green, clean and low carbon investments that are sustainable and value accretive. In terms of governance, Hibiscus seeks to provide as much disclosure and transparency as possible relating to its operations and financial performance during these volatile times.’s main product – natural gas – has been identified as a transition fuel to replace more polluting fuels.
The impact from methane emissions, a major cause of global warming, can be minimised via better use of technology such as 3D imaging to inspect oil wells and pipelines, as well as better equipment.