Japan-funded coal power project would cause 1,900 premature deaths

Right now, there are several Japanese-financed coal-fired power stations in the pipeline in Vietnam and across Asia — Van Phong 1 is a prime example of how dirty and polluting these projects can get. What does this highly-polluting technology mean for locals living in areas around the plant? The Greenpeace … Read More

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

The financial backers of Vietnam’s latest 3 power stations

Reuters is reporting that, with Vietnam’s Prime Minister Nguyen Xuan Phuc preparing to visit Japan, licences will be awarded on three proposed new coal-fired power stations that would be heavily backed by Japanese funding. The article does not name the plants, but Market Forces is aware that the three mentioned are Namh … Read More