Apec business group discusses energy, climate


The Brunei Times, 25th January 2008

By Sobrina Rosli

Brunei's representatives to the Asia-Pacific Business Advisory Council (Abac) recently participated in a discussion on energy security and climate change.

Salleh Bostaman Zainal Abidin, asset director at Brunei Shell Petroleum, facilitated and co-chaired the discussion, which was part of the technology and information working group during the three-day Abac meeting held in Jakarta early this week.

"Brunei's contribution to energy security and in climate change is very little, we are providing support through the Heart of Borneo initiative as well as becoming the supply support of energy in Asia," he said.

He said this particular discussion stirred a debate among the representatives of Abac economies present during the meeting.

"We all want to achieve energy security, among the fast expanding economies in the region such as China, they use up a lot of energy, most of the developing countries like Japan and Thailand want to ensure energy security," said Salleh.

The discussion, he said, supports economic growth but "not at the expense of the environment".

Energy security and climate change will be among many major issues for Abac this year focusing on concrete measures to achieve an Apec-wide regional aspirational goal of reduction in energy intensity by 25 per cent by 2030.

The Abac meeting is the first out of a series of four meetings leading up to the Apec summit in Peru, November late this year.

Focusing on the theme "Mind the Gap: Making Globalization an Opportunity for All", the first meeting comprised of a series of discussions mainly related to liberalising trade.

Other Bruneian Abac members are Fauziah Dato Talib, managing partner for IQ Quest company, and Stephen Ong, managing director of Teck Guan holdings.

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