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.
