Report “Coal Financing Takes Our Future Away – Japanese Private Financial Institutions’ Current Investments In Overseas Coal-fired Power Generation Projects” was published
On July 4, 2017, Fair Finance Guide Japan published a report “Coal Financing Takes Our Future Away – Japanese Private Financial Institutions’ Current Investments In Overseas Coal-fired Power Generation Projects.”
We surveyed the amount of large Japanese private financial institutions’ investments in individual previously-contracted overseas coal-fired power generation projects, based on the press releases of the Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI), etc.
According to our survey, Mitsubishi UFJ Financial Group (FG) gave the largest loan (2.1 billion USD), followed by Sumitomo Mitsui FG (1.6 billion USD), Mizuho FG (800 million USD), Sumitomo Mitsui Trust Holdings (600 million USD) and the Norinchukin Bank (400 million USD).
We also surveyed the major ESG issues of JBIC and private financial institutions’ joint projects, two of which (Batang and Cirebon) were funded while four others (Darlipali, Tanda, Morupule, and Ulaanbaatar) were under consideration.
