9 June 2022 A briefing released today by the international Insure Our Future campaign and Korea-based Solutions For Our Climate reveals that Australian insurer QBE is providing insurance for the construction of the Nghi Son 2 coal-burning power station in Vietnam, and...
vietnam
Japan-funded coal power project would cause 1,900 premature deaths in Vietnam
Photo credit: Kiều Tấn Tiến 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...
DBS gambles on coal, as scrutiny arrives at its AGM
25 April 2019 At the annual general meeting of DBS today, the Singaporean bank was challenged over its plans to excuse several proposed projects from its policy to stop funding new coal power. Last Thursday DBS released what, in all fairness, was a pretty good policy...
Media release: JBIC and commercial banks shamelessly agree to finance Van Phong 1, despite multiple unresolved issues
19 April 2019 The decision by the Japan Bank for International Cooperation (JBIC) and a consortium of commercial banks to finance the proposed Van Phong 1 coal-fired power station in Vietnam has been branded as shameless and cowardly by clean energy advocates. JBIC...
OCBC bank ends new coal power lending, except for two projects in Vietnam
17 April 2018 OCBC's chief executive officer Samuel Tsien said in an interview earlier this week that OCBC will not fund any more new coal - but will remain in two projects in Vietnam. Subscription news sources suggest these projects are Van Phong 1 and Vung Ang 2....
HSBC bosses spin yet more climate rhetoric on coal finance for developing countries
A full-page ad in the UK’s biggest business newspaper, a protest and plenty of deservedly tough questions. HSBC’s AGM had it all. 15 April 2019 Last Friday marked HSBC’s 2019 annual general meeting (AGM) and a year since the bank shamefully decided to leave the door...
HSBC’s cynical coal policy leaves Bangladesh, Vietnam and Indonesia open for business
Håkan Dahlström, CC BY 2.0 HSBC’s coal power policy, released at its April 2018 AGM, boldly states it will not finance new coal-fired power plants, with some exceptions. It will still finance projects in Bangladesh, Vietnam and Indonesia, with further limits on the...
Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects
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WIN! Standard Chartered rules out new coal…. everywhere!
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It...
Bloomberg News: These three coal plants might not get Japan funds under new rules
Market Forces in the media By Chisaki Watanabe, Bloomberg News August 28, 2018 Asia, Africa projects fall short of guidelines: Market Forces Japanese banks have committed to funding less coal generation Three coal-fired power plants under consideration in Vietnam,...