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Japanese banks
MUFG Shamelessly Backs Papua LNG: Join Us to Stop This Climate and Human Rights Disaster
MUFG, Japan's largest bank and the world’s top LNG financier from 2021 to 2023, has brazenly stepped into the role of financial advisor for the controversial Papua LNG project. This venture, led by Total Energies, ExxonMobil, Santos, and ENEOS (JX Nippon), has already...
Asia’s corporate giants face climate responsibility perfect storm
OPINION | Dr Sachiko Suzuki, Asia Climate and Energy Analyst at Market Forces Dr Suzuki is a sustainable finance expert and has previously worked for the Japan International Cooperation Agency (JICA), posted in South East Asia. Companies in Asia have been getting away...
Global investors want more climate action from Japan’s megabanks
OPINION | Will van de Pol, CEO at Market Forces Japan's big banks have a big problem. Like climate change, it will get much worse unless it is addressed quickly. The megabanks are lagging behind when it comes to playing their part in the critical transition to clean...
Global week of action targets MUFG’s fossil fuel financing
MEDIA RELEASE Wednesday 29 May: Environment groups from several countries worldwide are launching a global week of action against Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG) under the theme "Banking Betrayal: MUFG is Funding our Demise." This...
ANZ rules out Papua LNG, leaves the door open to fund climate wrecking companies
This week ANZ announced that it would no longer provide direct financing to new or expanded oil and gas fields, new liquefied natural gas (LNG) export plants, and won’t bank any oil and gas company not already on their books. The announcement means that all big four...
TotalEnergies（トタルエナジーズ ）の主要銀行がパプアLNGへの資金提供拒否
ヨーロッパ第3位の銀行である Crédit Agricole（クレディ・アグリコル）は、先週 TotalEnergies（トタルエナジーズ ）に対して大きな打撃を与え、トタルエナジーズが提案しているパプア液化天然ガスプロジェクト（パプア LNG）への資金提供をしないと宣言しました。...
TotalEnergies’ bankers deliver major blow to Papua LNG carbon bomb
Crédit Agricole, Europe’s third largest bank, has delivered a major blow to TotalEnergies this week, declaring it will not finance Total’s proposed Papua Liquefied Natural Gas project (Papua LNG). Despite being the financial advisor to the project, and one of...
Australian and Japanese banks receive warning to stay out of Papua LNG
Wednesday, 27 September 2023 Ahead of TotalEnergies’ Investor Day in France, Australian banks ANZ and NAB and Japanese banks MUFG, SMBC, and Mizuho received letters from Market Forces, Jubilee Australia and Papua New Guinean civil society organisation CELCOR (Center...
Banks finally dump Whitehaven Coal
In a win that's been a long time coming, news broke this week that Australia's largest independent coal miner Whitehaven Coal is currently unbankable. This is a major development that further proves the effectiveness of the people-powered movement to drive finance out...