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Climate Change

Corporate Japan ditches coal abroad as global backlash grows

Trading houses bow out of business previously promoted by Tokyo

Mitsui & Co. plans to divest from Paiton Energy, an Indonesian power company that operates coal-fired plants.

TOKYO/JAKARTA -- Japanese companies have begun stepping away from coal-fired power plant projects as the practice of exporting carbon-spewing technologies comes under fire, a striking about-face for a country that has long promoted coal in developing economies.

Mitsubishi Corp. decided Thursday to withdraw from the $2 billion Vinh Tan 3 facility in southern Vietnam, marking its first exit from a coal project. The 2-gigawatt plant is slated to come online in 2024.

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