NGOs slam Japan for investing abroad in carbon-polluting coal
Days before Japan will host a G7 summit, NGOs slammed the Asian nation for financing coal-powered energy in developing countries, even as other countries and investors shun the climate-damaging fossil fuel. Within the G7 bloc, Japan stands out for funnelling more than $22 billion into overseas coal plants since 2007, more than the other six countries combined. Moreover, the club of rich nation's only Asian member has another $10 billion worth of coal projects in the pipeline, according to a report by six environmental groups.
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