Kuala Lumpur: Malaysia’s Employees Provident Fund (EPF) will continue to invest in the country’s oil and gas sector to reap good profits to be distributed as dividends to its 16 million members.
This is the duty of Malaysia’s biggest social protection agency, EPF Chief Strategy Officer Nurhisham Hussein said so at the recent Energy Asia 2023 event at the Kuala Lumpur International Convention Centre on June 28.
EPF acknowledges that Malaysia has also committed to become a carbon-neutral nation by as early as 2050.
He said while many investors are turning away from the carbon intensive-industry, EPF has no plan to exit because it believes in investing in the industry’s transition towards renewable energy.
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