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Japan s SMFG likely to halt all new lending for coal power, sources say

Japan s SMFG likely to halt all new lending for coal power, sources say
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Republic ofDavid goodmanYoshihide sugaEdmund blairTakashi umekawaAaron sheldrickThomson reuters trust principlesFinancial group incSumitomo mitsui financial groupMitsubishi corpMizuho financial group incMitsubishi ufjUnited nations green climate fundMitsui financial groupMinister yoshihide sugaGroup inc

SMFG likely to halt all new lending for coal power, sources say

SMFG likely to halt all new lending for coal power, sources say
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Republic ofYoshihide sugaFinancial group incSumitomo mitsui financial groupMitsubishi corpMitsubishi ufjMizuho financial group incUnited nations green climate fundMinister yoshihide sugaGroup incNordea asset managementGeneral antonio guterresகுடியரசு ஆஃப்நிதி குழு இன்க்ஸூமிடோமொ மிட்ஸ்யூயீ நிதி குழுமிட்‌ஸ்யூபீஶி கார்ப்

UPDATE 1-Japan s SMFG likely to halt all new lending to coal-powered plants, sources say

3 Min Read TOKYO (Reuters) - Sumitomo Mitsui Financial Group (SMFG) is likely to halt new financing for any coal-fired power plants, sources close to the matter said, reflecting increasing pressure on Japanese lenders to cut coal funding. FILE PHOTO: A man walks past a sign board of Sumitomo Mitsui Banking Corporation, part of Sumitomo Mitsui Financial Group Inc (SMFG) outside its branch in Tokyo, Japan, January 27, 2017. REUTERS/Toru Hanai While SMFG has said it would not finance new coal-fired power plants in principle, until now it has not ruled out funding projects considered to be more environmentally friendly, such as so-called ultra-supercritical (USC) power plants that burn coal more efficiently than older designs.

Yoshihide sugaDavid dolanEdmund blairTakashi umekawaThomson reuters trust principlesJapan sumitomo mitsui financial groupSumitomo mitsui financial groupMinister yoshihide sugaThomson reuters trustAsia pacificBanking amp investment services trbc level 2Banks trbc level 4Banks nec trbc level 5Climate changeCompany newsCoal trbc level 4

Japan s SMFG likely to halt all new lending to coal-powered plants, sources say

Japan s SMFG likely to halt all new lending to coal-powered plants, sources say
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Yoshihide sugaDavid dolanEdmund blairTakashi umekawaJapan sumitomo mitsui financial groupSumitomo mitsui financial groupMinister yoshihide sugaடேவிட் டோலன்எட்மண்ட் பிளேயர்ஜப்பான் ஸூமிடோமொ மிட்ஸ்யூயீ நிதி குழுஸூமிடோமொ மிட்ஸ்யூயீ நிதி குழு

Japan s SMFG likely to halt all new lending for coal power, sources say

Japan s SMFG likely to halt all new lending for coal power, sources say
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