NGOs Lay Blame on Japanese Banks for Fossil Fuel Funding

Wednesday, April 10, 2019

Tokyo-(PanOrient News) Climate-focused NGOs pointed fingers at Japanese banks for not doing more to stop fossil fuel financing on Monday, following the release of a report examining the role of major banks around the world in supporting the fossil fuel sector.

“As climate change impacts worsen, Japanese banks are facing increasing international scrutiny for their financing of coal power and other fossil fuels around the world,” said Greenpeace Japan, Rainforest Action Network and ...

Japanese Oil Company to Again Halt Shipments from Iran

Friday, March 15, 2019

Tokyo- (PanOrient News) Fuji Oil Co. will no longer be importing oil from Iran as Japan’s exemption from U.S. sanctions is set to end in early May, officials in the Japanese oil sector told local media. The Japanese oil importer and refiner has been caught in the middle of the U.S.-Iran political and economic struggle.

Fuji Oil was forced to stop importing crude oil from Iran last November after the Trump administration pulled out of the 2015 nuclear deal and re-imposed sanctions on the co...

Japan Crude Oil Imports from the United States Increased Significantly

Sunday, February 3, 2019

By Khaldon Azhari

Tokyo-(PanOrient News) Japan imported over 6 million barrels of crude oil from the United States last December 2018, marking a significant increase that put the U.S. in fourth place out of countries exporting to oil-hungry Japan.

According to the Agency for Natural Resources and Energy, American oil amounted to 6.6% of total imports, which constituted 92.8 million barrels in December. The agency noted that Saudi Arabia and the United Arab Emirates provided most of Japan...