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These are the facts about Mizuho’s role in the climate crisis.

Since 2017, Mizuho has lent US$16.8 billion to coal plant developers.

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(Source: Japan Times, 2019)

Mizuho’s policy allows it to fund coal power across Southeast Asia.

(Source: Market Forces, 2019)

Mizuho is implicated in financing companies responsible for rainforest and peatland destruction in Indonesia. 

(Source: RAN, 2020)

Nghi Son 2 in Vietnam - a reportedly Mizuho-backed coal plant - uses outdated technology with poor pollution controls. The coal-fired power plant when operational would generate twice as much CO2 per every unit of power compared to an average plant in Vietnam.

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(Source: Straits Times, 2018 and FoE Australia, 2018)

Mizuho reportedly financed a coal project in Indonesia that has been embroiled in corruption allegations.

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(Source: Market Forces, 2019)

Vung Ang 2 in Vietnam has sparked fierce criticism of the Japanese Government -- even Environment Minister Shinjiro Koizumi has responded, saying the project is at odds with measures needed to stop climate change. This also drew criticism at global climate talks in 2019.

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(Source: The Mainichi, 2020 and Nikkei Asian Review, 2019)