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.
Over 50 Japanese and international environmental groups publish open letter to PM Abe and launch ‘No Coal Japan’
Over 50 Japanese and international NGOs have posted a full-page open letter in the Financial Times and Yomiuri Shimbun, urging Prime Minister Shinzo Abe to strengthen measures against climate change and move away from coal-fired power.