35 Environmental Groups From 15 Countries Ask Shareholders of H.I.S. to Urge Them to Stop Palm Oil Power Plant - “Be a Responsible Shareholder”

35 environmental groups and 19 academics from 15 countries, including Friends of the Earth Japan, sent a letter to 37 major shareholders of H.I.S., asking them to urge H.I.S. to withdraw from their palm oil burning power plant project in Kakuda City, Miaygi Prefecture.

“If demand for palm oil expands, the exploitation of tropical forests and peatlands to develop oil palm farmland will release enormous amounts of CO2. Taking into account the enormous carbon reserves of forests and peatlands, the project burning palm oil as fuel generates far more CO2 than coal-fired power generation.”