Malaysian state energy giant Petronas on Thursday set a target of “net zero” carbon emissions by 2050, the latest major oil company to step up efforts to combat climate change.

The firm, a significant contributor to Malaysian government revenues, said it would aim to slash emissions by steps such as improving the energy efficiency of its operations and focusing more on renewables.

The energy industry has long been criticised for inaction on climate change but several companies have responded to the growing pressure in recent times.

Petronas — Malaysia’s only Fortune 500 company — has set a target that is in line with commitments by British energy company BP and Anglo-Dutch giant Royal Dutch Shell.

Governments have also been pledging to slash emissions. Japan last month set a 2050 deadline to become carbon neutral, putting it on the same timeline as Europe and Britain and a decade ahead of China, which recently set a 2060 goal.

Like other energy companies, Petronas has been hit hard by the collapse in oil prices and demand during the coronavirus pandemic.

It reported a loss of 21 billion ringgit ($5 billion) in the April-June period.


Notify of
Inline Feedbacks
View all comments
You May Also Like

22-year-old Malaysian student found dead after going missing for over 28 hours, leaving farewell note to family

A 22-year-old Malaysian university student, Ang Hui Enn, left a suicide note before running away from home, leaving her family worried. Sadly, she was found deceased near her residence on Tuesday. Ang’s cousin, Lu Fei, had sought netizens’ help in locating her after discovering the note.

Malaysia seeks to stall high-speed rail joint project with Singapore, says Malaysian Prime Minister

Malaysia will look into negotiating the delay of the Kuala Lumpur-Singapore High-Speed…

Malaysian king meets party leaders in hunt for new PM

Malaysia’s king met political party chiefs Tuesday as the hunt began for…

Langkawi’s young brothers drove off parent’s car on joyride to toy shop

In Langkawi, Malaysia, a six-year-old boy took his parents’ car for a joyride with his three-year-old sibling. They crashed into a lamp post after driving 2.5 km while attempting to buy a toy car. The children were unharmed, but the family’s car was damaged. Videos of the incident circulated on social media, shocking viewers who discovered the young boys behind the wheel. Police are investigating under traffic and child protection laws.