Publishing date: Apr 27, 2021 • 55 minutes ago • 1 minute read •
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TOKYO — Kansai Electric Power, Japan’s second-biggest provider of electricity sourced from fossil fuels, is being targeted by a shareholder resolution aimed at pushing the utility to cut coal use, as governments and companies move towards decarbonisation.
The Kyoto City government will on Wednesday submit a shareholder proposal to Kansai Electric to be voted on at its annual shareholders meeting in June, calling on it to stop building new coal plants and to use carbon capture and storage for its existing coal plants, a city official told Reuters.
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