Nov 2, 2021 - Environmental NGOs
[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.