Kota Kinabalu: Sabah has welcomed the federal government’s earmarking of Sabah as one of four states to lead in the carbon capture, utilisation, and storage industry, but said that regulation and implementation should be under the jurisdiction of the states involved.
SPONSORED CONTENT Shell awards Sabah LiveWIRE winners Kota Kinabalu: Shell has awarded five enterprises as the state winners of Shell LiveWIRE Malaysia 2024, following the Sabah state finals held at Plaza Shell in Kota Kinabalu. . Read more He said that the state could legislate the activities on their own by enacting laws aligning with international standards and leverage its own state-owned enterprises and government-linked companies to lead the CCUS projects.
“Given the challenges we face in receiving adequate financial returns from our resources, such as the limited percentage we receive from our oil and gas revenues, it is imperative that Sabah fully manages its own resources.