Movement toward a phase out of coal and other fossil fuels accelerated at the 26th session of the Conference of the Parties (COP 26) to the United Nations Framework Convention on Climate Change (UNFCCC) that started on October 31 in Glasgow, Scotland, UK. However, on October 29, just before COP 26, the Japanese government went in the opposite direction with a decision to provide public financing for LNG Canada, a major fossil fuel project.
In response, on November 10, Japanese civil society organizations (CSOs) handed a statement to the Japan Bank for International Cooperation (JBIC), condemning JBIC’s decision to provide up to US $850 million (over CAD$1 billion) for 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).
On November 4, a statement was announced by the UKgovernment, the chair of this year’s COP, calling for measures that included the suspension of public support not only for coal but for all overseas fossil fuel energy projects. The statement was approved by more than 20 countries, including the United States and Canada.
Meanwhile, the Japanese government, through JBIC and other public financial institutions, has been the world’s second largest provider of public funds for fossil fuel projects, providing an average of $10.9 billion annually from 2018 to 2020. In 2021 alone, JBIC decided to finance the Waitsia gas project stage 2 development in Australia and the LNG Canada project, and it is currently considering financing the Barossa gas development project in Australia.
As the world moves away from fossil fuels such as oil, gas, and coal, Japan is increasingly being left out of the global decarbonization initiative. It still has no roadmap to completely phase out its involvement in coal power domestically and internationally. The Japanese government should decide to stop supporting the Indramayu coal power project in Indonesia and Matabari 2 in Bangladesh, and should immediately move toward the suspension of public support for oil and gas.
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Please see the statement text HERE (PDF file).
LIST OF SIGNATORIES:
This statement is signed by 93 organizations, including those working at international and regional levels plus organizations working nationally in 30 countries.
(Updated on November 12: This statement is signed by 95 organizations, including those working at international and regional levels plus organizations working nationally in 30 countries.)
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Contact:
Friends of the Earth Japan
info@foejapan.org
tel: +81-3-6909-5983/fax: +81-3-6909-5986