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Climate Change

Ditch Vietnam coal-fired plant, investors tell Mitsubishi and banks

European asset managers note project counters Paris Agreement

Twenty-one investors have demanded companies such as Mitsubishi Corp. withdraw from the Vung Ang 2 coal-fired power plant project in central Vietnam.

TOKYO -- A group of mostly European asset managers have urged trading house Mitsubishi Corp. and seven other Japanese companies to withdraw from a coal-fired power plant in Vietnam, which they say is inconsistent with the goals and timelines of the Paris Agreement on climate change.

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