As Tokyo 2020 and IOC Officials Meet, NGOs Issue Statement on Measures to Better Protect Public Health and Safety
On the eve of a critical Tokyo 2020 Olympics coordination meeting on October 30-November 1, 27 NGOs from 14 countries issued a statement urging the Japanese government and Tokyo 2020 corporate sponsors to stop fueling the climate crisis with their support for one of the primary sources of greenhouse gas emissions, coal-fired power plants.
NGOs call on JBIC not to finance the Vung Ang 2 coal-fired power plant in Vietnam ~Stop exporting pollution with public money~
A letter signed by 30 organizations from various countries was submitted to the Japan Bank for International Cooperation (JBIC) – a Japanese public financial institution demanding that they should not finance the Vung Ang 2 coal-fired power plant and all other new coal projects. Communities in the Vung Ang area already suffer from severe pollution from existing power plants and factories.
Wasted Electricity, Wasted Investment
Japanese companies are potentially wasting their investment in the Cirebon 2 coal-fired power project in Indonesia.
Cirebon 2 Bribery Case and Japanese Mega Bank Loans
Korean Hyundai Engineering and Construction (Hyundai), the company building the Cirebon 2 coal-fired power plant in Indonesia, has been accused of bribery and corruption. Japanese commercial banks, Mizuho, MUFG, SMBC, and the Japan Bank for International Cooperation (JBIC), a public bank, are among the financiers.
Japan is still Fuelling Asia’s Coal Power Expansion
A day before the Global Climate Strike, Urgewald launched a new update of the Global Coal Exit List (GCEL). This database says that coal business of 25 Japan based companies is spread across multiple countries from Australia to Bangladesh. Altogether, Japanese companies are developing 30 GW of new coal power capacity.