It is said the ‘Corona Crisis’ that the world is now facing is the most urgent human crisis. At the same time, however, the climate crisis, humankind’s greatest crisis, cannot be forgotten and ignored. The failure in ignoring the warnings by experts on the risk of a pandemic must not be repeated again. There is hardly any time left to tackle the climate crisis.
Do you know that Japan’s 3 megabanks (Mizuho, Mitsubishi UFJ and SMBC) hold the top three places in the world in lending for coal developers? Despite their revised coal policies to rule out new lendings to coal-fired power plants, there remain huge loopholes that still enable the banks to finance new coal-fired power projects such as Vung Ang2 in Vietnam.
In the lead up to their shareholder meetings at the end of June, let us appeal for them to strengthen their climate commitments. Please join us!