Malaysia legislation

Section 32

of CARBON CAPTURE, UTILIZATION AND STORAGE ACT 2025

Section 32

(2)

The transfer of all obligations to the Government under subsection (1) shall only occur if—

(a)

a prescribed period has lapsed from the issuance of the closure certificate under subsection 31(1); and

(b)

other prescribed conditions in the closure certificate have been fulfilled.

(3)

For the avoidance of doubt, the transfer of obligations to the Government referred to in subsection (1) shall not include the transfer of any criminal, contractual or civil law liability connected to the storage site attributable to the fault, negligence or deceit of the offshore operator, or failure of the offshore operator to exercise any due diligence.

Carbon Capture, Utilization and Storage 25

Section 32 — AKTA PEMERANGKAPAN, PENGGUNAAN DAN PENYIMPANAN KARBON 2025