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Article content TOKYO Sumitomo Mitsui Financial Group Inc said on Wednesday it is halting new financing for all coal-fired power plants, becoming the first major Japanese lender to make such a pledge amid increasing pressure on banks to cut coal-based funding. The move by Japan’s second largest bank by assets comes after Prime Minister Yoshihide Suga announced last month that the country aims to nearly double its target for cutting carbon emissions and as governments and companies globally move towards decarbonisation. We apologize, but this video has failed to load. Try refreshing your browser, or Japan s SMFG to halt all new financing of coal-fired power plants Back to video

Yoshihide sugaTakashi umekawaMuralikumar anantharamanTatsuya takedaTom hogueFinancial group incSumitomo mitsui financial group incMitsubishi ufjPrime minister yoshihide sugaGroup incடோம் ஹாக்நிதி குழு இன்க்ஸூமிடோமொ மிட்ஸ்யூயீ நிதி குழு இன்க்மிட்‌ஸ்யூபீஶி உப்ஜுகுழு இன்க்