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The bill – Legislative Instrument (LI) 2204 – seeks to “promote the maximisation of value-addition and job creation through the use of local expertise, goods and services, business and financing in the petroleum industry value chain and their retention in the country; develop local capacities in the petroleum industry value chain through education, skills transfer and expertise ...
State and local energy policies typically relate to efficiency standards and/or transportation. [2] Federal energy policies since the 1973 oil crisis have been criticized for having an alleged crisis-mentality, promoting expensive quick fixes and single-shot solutions that ignore market and technology realities. [3] [4]
Local governments are also showing leadership on energy efficiency policies: Putrajaya has the aspiration of becoming a "Green City" by 2025, [24] while Iskandar Malaysia has developed a "Low-Carbon Society Blueprint". [25] There are significant opportunities to improve energy efficiency in urban areas, where 73% of Malaysia's population live.
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The EPCA declared it to be U.S. policy to establish a reserve of petroleum, setting the Strategic Petroleum Reserve (SPR) into motion, and extended the Emergency Petroleum Allocation Act of 1973 (EPAA). A number of existing storage sites were acquired in 1977. Construction of the first surface facilities began in June 1977.
The Petroleum Papers is a 2022 non-fiction book by journalist Geoff Dembicki on climate change and the fossil fuel industry.. The book documents that specific oil companies had an early awareness of the relationship between climate change and fossil fuels but then deliberately made efforts to discredit the climate science and prevent government regulation.
The petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production. The regime regulates transactions between the political entity and the legal entities involved. [ 1 ]