Tokyo-Environmental organizations today condemned the Japan Bank for International Cooperation (JBIC) and four private banks' June 16 decision to provide approximately 5.3 billion dollars in financing for the problematic Sakhalin II oil and gas project in the Russian Far East.[1] JBIC (the Japan government's official export credit agency), Bank of Tokyo-Mitsubishi UFJ (Japan), Mizuho Corporate Bank Ltd (Japan), Sumitomo Mitsui Bank Corp (Japan) and BNP Paribas (France) have severely violated their environmental policies by financing Sakhalin II, according to the groups.
Land Acknowledgement
We acknowledge that we are headquartered on Massachusett land, in Cambridge, MA, and we thank the past, current, and future Indigenous stewards of this territory.