The Risks From JICA’s Involvement in the Matarbari Power Plant Project of Bangladesh
Should JICA decide to move ahead with the Matarbari Power Plant Project, it will expose itself and Japan to massive reputational and financial risks.
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Fossil Free Japan coalition launched to pressure Japan to stop supporting gas, coal and oil
Civil society groups and peoples’ movements from around the world have banded together to launch a new coalition to pressure Japan to stop financing fossil fuels and accelerate a just transition to renewable energy.
[STATEMENT] JBIC and Private Banks Must Reconsider Decision to Finance LNG Canada Project – NGOs Strongly Condemn JBIC’s Decision to Provide Public Finance That Ignores Climate Crisis and Rights of Indigenous Peoples Ahead of COP 26
On November 10, Japanese CSOs handed a statement to the Japan Bank for International Cooperation (JBIC), condemning JBIC’s decision to finance the LNG Canada Project. After delivering the statement, the CSOs organized a protest in front of JBIC’s Tokyo office calling on the bank to withdraw the decision on the grounds that it ignores the climate crisis and the rights of Indigenous Peoples. The statement has been signed by 93 organizations from 30 countries around the world (Updated on November 12: 95 organizations from 30 countries).
[STATEMENT] JBIC and Private Banks Must Reconsider Decision to Finance LNG Canada Project – NGOs Strongly Condemn JBIC’s Decision to Provide Public Finance That Ignores Climate Crisis and Rights of Indigenous Peoples Ahead of COP 26
On October 29, the Japan Bank for International Cooperation (JBIC), a public financial institution fully owned by the Government of Japan, announced in a press release that it has decided to provide up to US $850 million for the LNG Canada Project. The decision by JBIC ahead of the 26th session of the Conference of the Parties (COP 26) to the United Nations Framework Convention on Climate Change (UNFCCC) starting from the end of this week in Glasgow, England, goes against the call by the UK government to stop public financing for fossil fuels, and shows that Japan's approach to climate change is still far from that of the world. It is inevitable that Japan will once again become the target of criticism from the international community.
[Joint Statement] NGOs Strongly Condemn Decision by Japan Bank for International Cooperation to Support Waitsia 2 Gas Development Project in Australia
On June 29, the Japan Bank for International Cooperation (JBIC) announced that it has decided to provide project financing of US $199 million to the Waitsia 2 gas extraction project in Australia. The project is co-financed with Sumitomo Mitsui Banking Corporation (SMBC). We released a joint statement in response to the decision to finance this project, which violates the G7 Leaders' Statement and the Japanese government's 2050 net-zero target.