Threat to oil revenue the reason EVs are difficult to debut on 1MDB Malaysia roads?

Threat to oil revenue the reason EVs are difficult to debut on 1MDB Malaysia roads?

Since 2010, several companies in the private sector have been trying to import Electric Vehicles (EVs) into Malaysia but failed.

All sorts of excuses have been given to the companies, ranging from lack of support services and infrastructure to questionable safety concerns.

Is it because the rampant use of EVs would threaten 1Malaysia Development Berhad (1MDB) Malaysia’s oil revenue as demand and prices would dive significantly?

Well, whether Malaysia continues to dissuade the use of EVs does not really matter anymore.

The global trend is beginning to for electric to green the environment or planet.

Last week, German lawmakers voted to ban internal combustion engines, ironically it was the Germans who introduced such engines.

Here are two reports related to the ban of combustion engines:

"German Lawmakers Vote to Ban the Internal Combustion Engine


Rhett Jones
Today 3:30pmFiled to: GERMANY

Photo: AP
The modern internal combustion engine first came from Germany and now Germany wants to put a nail in its coffin. The Bundesrat has passed a resolution to ban the ICE beginning in 2030.

New Clean Energy Report: America May Not Be Screwed After All

Germany’s Spiegel Magazin reported this morning that the country’s top legislative body was able to reach a bi-partisan agreement that hopes to allow only zero-emission vehicles on EU roads in 14 years. For the resolution to be instituted across Europe, it will have to be approved by the EU. But according to Forbes, “German regulations traditionally have shaped EU and UNECE regulations.”

Greens party lawmaker Oliver Krischer told Spiegel, “If the Paris agreement to curb climate-warming emissions is to be taken seriously, no new combustion engine cars should be allowed on roads after 2030.”

The resolution calls on EU automakers to “review the current practices of taxation and dues with regard to a stimulation of emission-free mobility.” Creating a tougher tax burden could encourage manufacturers to push electric vehicles into production sooner, rather than later.

While larger approvals will still need to go through the legislative process, the fact that the country with the fourth-largest auto industry in the world is spearheading such sweeping change is a big sign of where we’re headed. It’s a road paved with slow-moving politicians making incremental changes and hoping the industry will warm up to the idea of not killing us all."

"The Paris Climate Agreement Just Passed a Major Milestone


Maddie Stone
9/21/16 11:45amFiled to: CLIMATE

Image: AP
Good news, Earthlings: the Paris climate agreement had passed a critical milestone toward adoption. At a UN General Assembly meeting in New York this morning, 31 nations officially signed onto the accord, making it very likely that the deal will enter legal force this year.

You may remember that the Paris agreement—an international pledge to limit us to 2 degrees Celsius of global warming, by weaning every nation off fossil fuels—was adopted at an international summit in December 2015. But before it can go into effect, it needs to be formally ratified by 55 countries that together account for 55 percent of global carbon emissions.

The accord received a major boost earlier this month, when the United States and China, two carbon behemoths that together account for nearly forty percent of global emissions, jointly announced their intention to ratify the deal. Before today, 27 other nations that collectively represent some 2 to 3 percent of global emissions had also signed on.

Now, the chorus of agreement has grown much stronger. The 31 new pledges, which include Brazil, Mexico, Argentina and Bangladesh, mean that a total of 60 countries representing 47.7 percent of emissions have now signed on. Given this progress, UN Secretary General Ban Ki-moon and secretary of state John Kerry are both confident that the deal will be fully implemented in the coming months, according to The Guardian.

That’s very good news in light of the looming US presidential election, which features a fascist tangerine who thinks climate change is a Chinese hoax and has promised to rip the Paris agreement to shreds if elected. Once the accord is implemented, it’ll take the United States four years to legally withdraw.

Meaning, if we finish ratifying it soon, President Trump can blow hot air all day, and he still won’t be able to doom future generations tocatastrophic sea level rise. C’mon, guys. We can do this.

[The Guardian, NY Times]"