Campaigner Targets Fossil Fuel Bank Lending to Japan’s Jera

Investor activist group Market Forces called on eight major banks to reconsider providing loans to Jera Co., over concerns that Japan’s top power producer would use the money to expand its fossil fuel business.

The Australia-based advocacy group sent a letter to lenders including Deutsche Bank AG and Standard Chartered Plc urging them to engage with Jera to set a clear plan to reach net zero emissions by 2050, said Bernadette Maheandiran, Director of Asia Energy Finance at the organization.

“Many of these banks have net zero banking commitments, so we’re seeking for them to engage with Jera on ...