Increasing pressure to disavow coal support fails to sway Japan
Tokyo
JAPAN, faced with increasing calls from environmentalists to phase out coal, is standing by its support of the fossil fuel, saying it will help developing countries adopt the best available technologies for coal-fired power plants.
Pressure to rein in carbon dioxide emissions is intensifying, especially after the Paris Agreement, a global deal reached in December to tackle climate change. Environmentalists have criticised Japan for being one of the biggest providers of coal financing among Group of Seven (G-7) nations and for being a laggard in switching to cleaner energy sources.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Saudi Arabia hikes oil selling prices for all grades to Asia
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month