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Tag Archive

Adaro Energy: Betting on the failure of global efforts to stop climate change

Adaro mine in Tabalong Regency, South Kalimantan, Indonesia. Photo credit: WALHI South Kalimantan

Adaro Energy Indonesia (Adaro) held its AGM in April 2022, confirming business plans consistent with the failure of the Paris Agreement. Despite evidence to the contrary from the IEA and other experts, the company stated its view that in the long term, the fundamentals for coal are intact and coal … Read More

Japan threatens communities and climate by backing Indramayu and Matarbari coal power projects

UPDATE: June 2022 On 22 June 2022, in a major victory for climate action and years of opposition  by a global movement, Japan announced an end to funding of Matarbari Phase 2 coal power plant in Bangladesh. Following the announcement, the Bangladesh Government confirmed that it had cancelled plans to … Read More

UPDATE: Sumitomo faces major rebuke from shareholders on climate inaction

21 June 2021 In a major rebuke to its management, 20% of shareholders voted to support a climate resolution lodged by Market Forces with Sumitomo Corporation (Sumitomo). The resolution is a first of its kind targeting a Japanese trading house.  A vote of one-fifth of the shareholders against management is … Read More

Matarbari coal power plants: Sumitomo, Japanese companies threaten communities and climate in Bangladesh

UPDATE: June 2022 On 22 June 2022, in a major victory for climate action and years of opposition  by a global movement, Japan announced an end to funding of Matarbari Phase 2 coal power plant in Bangladesh. Following the announcement, the Bangladesh Government confirmed that it had cancelled plans to … Read More

Media release: New Japanese bank policies rule out a third of overseas coal plant finance

28 August 2018: New coal policies should rule out providing financial support to close to a third of the coal-fired power stations (by capacity) currently under consideration by Japan’s three major commercial banks, according to a new analysis released today by environmental finance group Market Forces. In implementing their new … Read More

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We recognise the traditional owners of the land on which we live and work, pay respect to their elders, past, present and emerging, and acknowledge that sovereignty of these lands was never ceded. ATSI flags