Sabah CM says lucrative carbon trade deal still pursued by state govt

KOTA KINABALU, Aug 1 — Sabah Chief Minister Datuk Seri Hajiji Noor today said that the state is still pursuing the carbon trading deal, and is currently still fine-tuning the...

KOTA KINABALU, Aug 1 — Sabah Chief Minister Datuk Seri Hajiji Noor today said that the state is still pursuing the carbon trading deal, and is currently still fine-tuning the terms and conditions required.

“We are still fine-tuning the details. It is good for us to explore this industry. Our forests can offer us lucrative returns but we have to manage our areas and water sources properly,” he said. The carbon trading deal, known as the Nature Conservation Agreement or had been controversial from the start as it commits some two million hectares of land to a little-known Singapore-based firm, Hoch Standard.

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