Mizuho’s new policy on coal-fired power generation financing falls behind Mitsubishi UFJ policy revisions
On May 22, Mizuho Financial Group announced revisions to its policies for investing in coal-fired power generation.
Secret payments and corruption unearthed in coal plants funded by Japan
Prime Minister Abe must be aware that continuing to invest in coal power across the world is not only bad for climate change – but he is also exposing Japan’s reputation to the risk of becoming involved in coal projects tainted by corruption.
Japan’s Mitsubishi UFG commits to end financing for new coal projects, NGOs call for further steps
Coming only days after Singapore’s three major banks also ended coal finance, the shift by MUFG, previously one of the world’s major coal funders, signals a major change in the energy finance landscape.
Indonesian farmers visit Japan to demand the Japanese government and JICA stop coal finance
Farmers from Indramayu, Indonesia visited Japan to demand the Japanese government and the Japan International Cooperation Agency (JICA) stop financing the Indramayu Coal-fired Power Plant Project.
Global coalition demands Japan’s banks end destructive coal finance
NGOs from across the world are calling on Japanese megabanks – Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Financial Group (Mizuho) – to stop funding coal power.