NGOs urge 51 investors to divest from Mitsubishi Corporation which promotes coal-fired power generation
NGOs in Japan have sent an open letter titled “A call for divestment from Mitsubishi Corporation” to 51 main shareholders and financing banks* which support Mitsubishi Corporation.
Global Protests Call on Mitsubishi Corporation to Stop Investing in Coal Power
Mitsubishi Corporation is planning to build the controversial Vung Ang 2 coal power plant in Vietnam despite a sustained wave of international criticism over the project. On March 3rd, actions were held outside Mitsubishi Corporation offices in 5 countries where NGOs and climate activists called on the company to end its involvement in coal projects, and withdraw from the Vung Ang 2 power plant.
Don’t support Vung Ang 2 coal-fired power project in Vietnam with public money
Minister Koizumi has expressed his concerns about Japan’s coal fired-power plant export overseas, Vung Ang 2 project in Vietnam in particular. Despite that, as a result of coordination with relevant ministries, he acknowledged that the Vung Ang 2 project is in line for receiving state assistance. After his talk, JBIC and NEXI have officially started to consider providing their support for the project.
The New National Stadium and Tokyo 2020’s inconvenient legacy
In December of last year, Tokyo 2020 Olympic organizers celebrated the completion of its New National Stadium, which will be the centerpiece for this year’s summer Olympics. While that all sounds great, the celebrations masked the fact that the construction of the Stadium actually came at a great cost.
Physical Risks of Climate Change at Tokio Marine, MS&AD and SOMPO
A new research by JACSES says, if natural disasters on the same scale as experienced in FY2018 occur for the second straight year, Japanese thee insurers,Tokyo Marine, SOMPO, and MS&AD will have no money left in the emergency contingency reserve.