Filipino climate activists staged protest actions on June 26, 2024 in Manila against three of Japan’s megabanks “for deceiving the public and their shareholders into believing that they are pursuing decarbonization policies when in fact they are financing some of the world’s biggest fossil fuel projects, most of which are found in Asia.”
Regional alliance Asian Peoples’ Movement on Debt and Development reported on June 26, 2024 that the Japanese megabanks “must walk the talk when it comes to climate action.”
“They cannot pledge to decarbonize and yet continue to finance gas projects and false energy solutions like CCUS and ammonia co-firing,” said Lidy Nacpil, coordinator of the APMDD, in a media statement.
“Their financing for climate-wrecking fossil fuel projects could have been spent for a direct, rapid, and just transition to renewable energy. Instead, these Japanese banks choose to prioritize their selfish, narrow corporate interests over the welfare of people and the planet,” Nacpil added.
Photos by Elmer Valenzuela
