Greenpeace, others blast Japan gas deal in Vietnam

Fuel is seen as cleaner than coal but releases planet-heating methane

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Development of natural gas has been progressing off the coast of Vietnam. This photo shows a gas flare at the Lan Tay gas platform in the South China Sea off the coast of Vung Tau in 2018.  © Reuters

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Climate groups, including Greenpeace Thailand, said they "vehemently condemn" the Japan Bank for International Cooperation for helping fund a $10 billion gas field in Vietnam after Tokyo pledged to stop financing fossil fuels.

The two countries should instead build on the "decarbonization momentum by redirecting financing toward the deployment and integration of renewables," said a letter released late Wednesday by Trend Asia, the Center for Energy, Ecology, and Development, and others.

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