Japan’s Sumitomo Corp is still pushing dirty coal. Help us hold them to account.
Japan’s Sumitomo Corporation is still pushing dirty coal mining power around the world. It claims to support the Paris Agreement but its climate policy still allows it to build new coal projects. Right now, Sumitomo is involved in Bangladesh.
We can’t let Sumitomo continue this hypocrisy - tell it to stop building polluting coal-fired power in Bangladesh now!Let’s tell Sumitomo to end their support for climate wrecking fossil fuel projects
Yesterday, we filed a shareholder proposal urging Sumitomo to align its business with the Paris Agreement’s goals. This means no new coal, oil or gas projects and clear fossil fuel phase out goals and emissions reduction targets in line with what scientists tell us is necessary to avoid the worst impacts of climate change. The proposal is sending a strong signal from investors, shareholders and the wider community taking action on climate change.
You can be part of this call to action by telling Sumitomo, its partners and investors to immediately stop building new dirty coal power projects. Click here to take action.
The construction of the first phase of the 1,200 MW Matarbari coal power project backed by Sumitomo is already causing serious harm to local communities' livelihoods. If built, pollution from the Matarbari coal project’s under-construction first phase and proposed second phase would result in thousands of premature deaths due to increased risk of stroke, lung cancer, heart disease and respiratory disease. Read more about the impacts of Matarbari coal projects here.
Sumitomo is yet to rule out further involvement in coal power projects in Bangladesh and elsewhere in the world, risking our chances of a healthy and secure future.
It’s time to hold Sumitomo accountable. With your support, we can stop them from doing further damage to the environment and communities.
Thanks for your support!
Munira, on behalf of Market Forces
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