Alternative Fuels

Marubeni plans to cut out coal power investments

Japan’s Marubeni has announced it will stop investing in new coal-fired power plants and cut its stakes in existing facilities in half by 2030
By Staff reporter 19 September 2018 0 32609

Japan’s Marubeni has announced it will stop investing in new coal-fired power plants and cut its stakes in existing facilities in half by 2030, according to the Nikkei Asian Review.

The company said its reasons for doing so were to reduce its carbon footprint and improve its reputation for good governance. Marubeni plans to invest more in the renewable power sector instead.

The company owns interests in more than a dozen coal-fired power plants around the world with a total capacity of around 3...