From the Blue Community ISDE Bangladesh:
Japanese SMBC’s $1.86b fossil fuel investments draining Bangladesh’s public funds, civil society orgs claim.
Japanese megabank Sumitomo Mitsui Banking Corporation (SMBC)’s extensive fossil fuel investments in Bangladesh are draining public funds and exacerbating the climate crisis, environmental and civil society organisations have claimed.
At a protest and campaign event held today (28 May) in Chattogram, organised by ISDE Bangladesh, Coastal Livelihood and Environmental Action Network (CLEAN), and Bangladesh Working Group on Ecology and Development (BWGED), speakers condemned SMBC’s role in supporting fossil fuel infrastructure while ignoring renewable energy solutions, reads a press release.
