New Report: Despite ‘Net Zero’ Rhetoric, World’s Biggest Banks Continued to Pour Billions into Fossil Fuel Expansion in 2021

Read the report HERE

• Asia’s top financiers of the fossil fuel industry from 2016-2021 are MUFG ($181 billion), Mizuho ($156 billion),

Asia – On Monday 28th of February, the Intergovernmental Panel on Climate Change (IPCC) will release a seminal report presenting the most comprehensive scientific overview to date of the climate impacts communities around the world are suffering due to the …

• Commercial banks have channeled US $1.5 trillion to the coal industry since 2019.
• Japanese banks are the top 3 lenders while Chinese banks make up the top 10 underwriters to the coal industry.
• Financial institutions from the US, China, Japan,

PRESS RELEASE

350.org Asia

22 September 2021

Press Release: China declares an end to financing fossil fuels abroad at the UN General Assembly

At the United Nations General Assembly on Tuesday, September 21st, President Xi Jinping of China announced the …

There’s big news! It’s been a crushing week for the fossil fuel industry, thanks to years of relentless people-powered campaigning by the climate movement.

In the space of just a few days (some on the same day, even!), …

On May 17, Mitsubishi UFJ Financial Group (“MUFG”) published the “MUFG Carbon Neutrality Declaration,” and announced its plan to achieve net zero financed emissions by 2050. The announcement follows a resolution filed on MUFG in March by Kiko …

On May 13th, Japanese megabank Mizuho Financial Group (hereinafter Mizuho) announced revisions to its lending and investment policies which include a commitment to shift its portfolio to be consistent with the goals of the Paris Agreement, a more robust response …