NGOs protest Japan Ministry of Foreign Affairs decision on preparatory survey for Matarbari 2 coal-fired power plant despite climate crisis and surplus power supply
Japan’s Ministry of Foreign Affairs has confirmed that it has decided to proceed with a preparatory survey by the Japan International Cooperation Agency (JICA) for the proposed Phase 2 of the Matarbari ultra-supercritical coal-fired power project in Bangladesh. The environmental NGOs declare their disappointment with this recent decision, and call upon the government to reverse the decision.
Sumitomo Releases More Rhetoric on Climate as it Doubles Down on Coal
The Japanese government adopted principles for the next Infrastructure System Export Strategy and decided not to provide official financial support for overseas coal-fired power projects in principle, but allow exceptions to continue supporting highly efficient projects. Environmental NGOs declare their disappointment with this decision and call upon the government to end supporting ALL coal power projects.
Blackrock’s next big climate call: Mizuho
After its broadly welcomed public statement warning Korean utility KEPCO over the continued funding of controversial overseas coal-fired power stations, the world’s largest asset manager faces another test of its climate credentials later this month.
“Negative profitability” found for planned Vung Ang 2 coal-fired power plant in Vietnam by Korean government think tank: Japanese corporations and banks may risk lawsuits if they move ahead with project despite projected losses
A pre-feasibility study for the Vung Ang 2 coal-fired power plant project in Vietnam, which Japanese governmental agencies and private companies have been working jointly to promote, found that the project would lose 158 million dollars.
Major shareholder to support first ever climate resolution in Japan
Shareholders with hundreds of billions of assets under management will support a climate resolution at Mizuho Financial Group’s (Mizuho) AGM on 25 June.