Displaying items by tag: Petronas

A new database by Malaysian climate watchdog RimbaWatch has shown that despite global efforts to combat climate change, Southeast Asian countries are still planning to develop numerous fossil fuel projects, which could significantly increase carbon emissions. These planned projects could lead to a surge in emissions, posing a major challenge to the region's commitment to reduce greenhouse gases. This is the first time that an assessment of the carbon cost has been made in the region: RimbaWatch has used the data available from the fossil fuel companies themselves, such as the Malaysian giant Petronas. The report also emphasises the urgent need for transparency and accountability in assessing the environmental impact of these projects. It calls for greater scrutiny and regulation to ensure that the countries align their development plans with global climate goals and prioritise sustainable energy alternatives.