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coal exports

Japan’s Third-Largest Bank in Discussions to Finance New California Export Terminal amid Pledge to Quit Coal Power

April 16, 2020By OCI TeamNews, Press Releases

Sumitomo Mitsui Financial Group announced it will “in principle” not finance any new coal power projects, while advocates in California called on the bank to apply those restrictions to all new coal infrastructure and drop plans to finance a widely opposed coal export terminal.

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