Japanese megabanks faced with international ad in the Financial Times

NGOs from Vietnam, Indonesia, Japan and around the world have placed a full-page advertisement in the Financial Times today calling for Japanese megabanks – Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Financial Group (Mizuho) – to stop funding coal power. MUFG, SMBC, and Mizuho, along … Read More

General Electric chooses to ignore clean energy transition

10 May 2019 Yesterday in New York at General Electric’s (GE) annual general meeting, (AGM) shareholders called out their CEO, H. Lawrence Culp Jr., for GE’s role in constructing new coal-fired power stations around the world, jeopardizing its own future viability as an energy company and that of our collective … Read More

Analysis: Singapore banks signal an end to new coal financing

18 April 2019 This week saw Singapore’s two biggest banks -Oversea-Chinese Banking Corporation (OCBC) and DBS – commit to an endpoint for their lending to new coal power plants. On Monday, OCBC CEO Samuel Tsien told media: “We won’t do any new coal-fired power generation plants in any countries, except … Read More