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.

Tell Sumitomo, its partners and investors to stop destroying our climate.

Thanks for your support!

Munira, on behalf of Market Forces

We need long term support to run strategic and influential campaigns to fight the threat we face from climate change. Please sign up as a monthly donor. It’s tax deductible and even a small amount each month will help us achieve big things.

Join us as a monthly donor

Support our work

At Market Forces, we achieve a lot with a little. Our campaigns have shifted hundreds of millions away from financial institutions that fund environmentally destructive projects.

But we can do more with your support. We rely on the generosity of supporters like you to continue our work.

Even a small donation every month will help us achieve big things.
Donate

Follow us on social media
Facebook
Twitter
Instagram
LinkedIn
YouTube
contact@marketforces.org.au

Market Forces
Your money as a force for good
We’re taking on more companies than ever before in the campaign to shift the policies of major banks and put climate risk on the agenda of corporate Australia. Please help us out by checking your details are up to date using the 'Preferences' link below. It means we contact you with the information about companies and financial institutions that are relevant to you.

Comments

Commenting has now closed on this repost.

The Indymedia Network

Global
Oceania
Latin America
Europe
Africa
Canada
United States
East Asia
South Asia
West Asia