[Joint Statement] NGOs welcome the U.S.-Japan announcement to align Official Financing with the Net-zero Emissions by 2050, but Japan needs to withdraw support from two coal projects
At the Japan-US Summit on April 16, the Japan-US Climate Partnership was announced and both countries stated that they will align their domestic and overseas public financial support with the aim of achieving net-zero emissions by 2050. Environmental NGOs released a joint statement welcoming this step towards decarbonization but are continuing to call on the Japanese government to end support for coal projects in Indonesia and Bangladesh.
[Joint Press Statement] NGOs call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil and gas at the U.S.-Japan Summit
Ahead of the US-Japan Summit on April 16, NGOs from the US and Japan released a joint press statement calling on President Biden and Prime Minister Suga to end public support for fossil fuel projects, including coal projects in Bangladesh and Indonesia which the Japanese government is considering supporting.
Actions Around the World Put Tokio Marine on Notice
Over the past week, climate justice and community rights advocates kick-started the launch of a global campaign demanding Tokio Marine stop insuring coal, oil and gas projects with energized actions outside company offices in Tokyo, Seoul, Jakarta, Delhi, Melbourne, Sydney and New York.
Sumitomo Corporation to face shareholder resolution at its AGM over climate inaction
A representative of environmental finance group Market Forces has today filed a shareholder resolution with Sumitomo Corporation, calling on it to adopt and disclose a plan outlining its business strategy to align its business with the Paris Agreement’s goal of limiting global temperature increases to 1.5 degrees Celsius.
[PRESS RELEASE] Japan’s Largest Bank Targeted by Climate Resolution
Environmental NGOs filed climate resolution on Japanese megabank Mitsubishi UFG Financial group, calling on the company to adopt and disclose a plan to align its financing and investments with the Paris Climate Agreement.