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
September 2020 In the wake of the fiercest storm Bangladesh has experienced this century, Japanese financial institutions and coal developers are trying to push three new coal power stations, fuelling extreme weather and climate change. Locals on remote Matarbari Island on the southeastern coast of Bangladesh are still dealing with … 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