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Investors push Japan’s J-Power to accelerate climate action

Business / Corporate May 11, 2022

Investors push Japan’s J-Power to accelerate climate action

by Shoko Oda

Shareholder proposals call on the electricity producer to set new short- and medium-term emissions reduction targets and to disclose details on how to meet those goals.

Major Japan trading houses post record profits as resource prices climb

Business / Corporate May 11, 2022

Major Japan trading houses post record profits as resource prices climb

While all seven major firms have seen a boost, their earnings reports for the year to March have also showed them suffering losses from operations related to Russia.

A coal mining hub could decide Australia’s future

Business May 11, 2022

A coal mining hub could decide Australia’s future

by Ben Westcott and Jason Scott

At stake is the policy of a nation that is a potential renewable-energy superpower but still gets 70% of its electricity and about a quarter of its exports from fossil fuels.

Banning Russian LNG tough without supply alternatives, Japan minister says

Business / Economy May 10, 2022

Banning Russian LNG tough without supply alternatives, Japan minister says

Trade minister Koichi Hagiuda did not rule out the possibility of LNG joining the sanction list in the future, while being mindful of Europe's dependency on Russian LNG.

With $47 billion in assets, China’s climate-focused funds surpass U.S.

Business May 10, 2022

With $47 billion in assets, China’s climate-focused funds surpass U.S.

by Sheryl Tian Tong Lee

In 2021, record inflows and outperformance by the domestic clean energy sector bolstered Chinese climate funds by drifing a 149% increase in value from the previous year.

Japan to phase out Russian oil use but remain in Sakhalin energy projects

National May 9, 2022

Japan to phase out Russian oil use but remain in Sakhalin energy projects

by Eric Johnston and Will Fee

The ban "in principle" on Russian oil imports is expected to come in stages, and is expected to have limited effect on Japan's supplies.

Municipal governments lose energy supplies as new providers exit industry

National | Regional voices: Chubu May 9, 2022

Municipal governments lose energy supplies as new providers exit industry

The companies entered the electricity retail market after it was liberalized in 2000, but are finding themselves unable to withstand the recent sharp rise in fuel prices.

Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project

Business May 6, 2022

Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project

Its net exposure to Russia, including long-term credit, fixed assets and investments, was reduced to ¥12.3 billion as of the end of March, the company said.

Japan says it needs nuclear power. Can host towns ever trust it again?

National May 5, 2022

Japan says it needs nuclear power. Can host towns ever trust it again?

by Motoko Rich and Hikari Hida

The decision to restart plants is fraught with emotions, not to mention the gargantuan technical task of fortifying the stations against future disasters in an earthquake-prone nation.

Power crisis in India forecast to persist for months amid 46-degree Celsius heat wave

Asia Pacific May 5, 2022

Power crisis in India forecast to persist for months amid 46-degree Celsius heat wave

by Rajesh Kumar Singh

Households and businesses face ongoing disruptions as coal stockpiles shrink at power plants and fuel imports falter on prices that have surged amid the war in Ukraine.

Japan trade minister takes negative stance on Russian oil import ban

Business May 5, 2022

Japan trade minister takes negative stance on Russian oil import ban

"Japan has limited resources and it is difficult for us to immediately align ourselves" with the EU, trade minister Koichi Hagiuda told reporters.

Can Europe survive without Russian oil? Nuclear power may be key.

World May 5, 2022

Can Europe survive without Russian oil? Nuclear power may be key.

by Joanna Gill

After agreeing to cut Russian gas, the EU has proposed a ban on Russian oil imports — but this could further complicate energy security, as prices are spiking.

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