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Mitsubishi pulls out of Vietnam coal plant amid climate concerns

Vinh Tan 3 project hit by backlash against carbon-intensive fuel

Mitsubishi Corp.'s headquarters in Tokyo: The trading house faces growing international pressure to withdraw from coal-fired power plants.    © Reuters

TOKYO -- Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing international concern about climate change, Nikkei has learned.

The project is separate from the Vung Ang 2 coal power plant, which the governments of Japan and Vietnam are pursuing together. Environmental activist Greta Thunberg has called for the cancellation of Vung Ang 2.

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