Blog
Aug 4, 2022 - Market Forces
Japan’s Fossil Gas Expansion
A new study looking across Bangladesh, Thailand and Vietnam, identifies the Japanese companies most actively pursuing a liquefied natural gas (LNG) buildout in Asia, putting the climate goals of the Paris Agreement in peril.
Jun 29, 2022 - Kentaro Nunokawa - Market Forces (Volunteer)
Ukrainian Environmental NGOs urge Japanese companies to stop fossil fuel imports from Russia
On June 20, Ukrainian Environmental NGO coalition, Energy Transition Coalition, sent letters to 6 Japanese companies (JFE Steel, Nippon Steel, JERA, TEPCO, Chubu Electric Power, and Hokkaido Gas) that have continued buying Russian fossil fuels after the Russian invasion of Ukraine. The letters call for the companies to stop importing Russian fossil fuels and to promote renewable energies.
Jun 21, 2022 - Viktor Tachev
The Curious Case of SMBC Group – Financing Climate Change Offenders
While SMBC Group has taken some positive steps in terms of its green commitments, it falls way behind global and even local competitors. Unless the financial institution makes a dramatic U-turn, it will bear the consequences of excessive stranded asset and reputational risks.
Jun 20, 2022 - Center for International Environmental Law
Japanese Bank Financing of the East African Crude Oil Pipeline – Backgrounder on Environmental, Social, and Governance Risk
The East African Crude Oil Pipeline (EACOP) is a 5 billion USD, 1,443km pipeline that will transport 216,000 barrels per day of electrically heated crude oil from Uganda to the port of Tanga in Tanzania for export, generating annual carbon emissions roughly equivalent to the carbon footprint of nine coal-fired power plants at peak production. The Sumitomo Mitsui Banking Corporation is acting as financial advisor to the lead developer of the project and joint lead arranger for the $3 billion project loan that will provide the majority of the financing for the project.