Coalition Launches Provocative Financial Times Ad Urging Japanese Prime Minister Abe To Win Gold, Lose Coal
The No Coal Japan coalition published a provocative ad in the Financial Times (Asia edition) featuring a caricature of Japanese Prime Minister Shinzo Abe dressed in a running tank top with a “coal medal” hanging around his neck. The ad reads, “We are in a race against catastrophic climate change,” and urges Prime Minister Abe to win the race by ending support for coal-fired power plants.
66 provisions of non-compliance with international CSR standards in Cirebon coal-fired power project, Indonesia, along with issues on corruption
Japanese NGOs jointly published a case study report “Indonesian Coal-fired Power Exposed to Corruption ? Cirebon coal-fired power project: problems on environment, human rights, and corruption, and banks’ non-compliance with international norms.” The report revealed that 43 non-compliances with the Equator Principles and IFC Performance Standards, 13 with the UN Global Compact, and 10 with the OECD Guidelines for Multinational Enterprises.
Kicking Off COP25 Madrid – A System Change to Overcome the Climate Crisis
The United Nations Framework Convention on Climate Change will be held in Madrid, Spain for two weeks from December 2nd to December 13th. This article is a summarization of both this conference’s notable points as well as the perspectives of civil society.
The 2019 Scorecard on Insurance Underwriting for Coal Projects: Tokio Marine, MS&AD, and SOMPO got the lowest score
Unfriend Coal Campaign published the ranking of 30 leading insurers worldwide for efforts for climate change and divestment from coal. It shows that insurers with the policy to end/limit insurance underwriting for coal projects such as Allianz, AXA, Swiss Re, Munich Re, Chubb, QBE, etc. rank relatively high, on the other hand, Japanese major non-life insurance companies that do not have such policies: Tokio Marine, MS & AD, and SOMPO rank at the bottom.
350.org launches petition urging Japanese banks to rule out funding Vung Ang 2 coal-fired power plant in Vietnam
Over 22,000 signatures have been collected from 49 countries and submitted to Japan’s major banking groups to stop funding new coal plants and to desist from financing Vung Ang 2, a coal-fired power plant in Central Vietnam.