Sumitomo Mitsui to Quit Int'l Group Committed to Decarbonization
Tokyo, March 5 (Jiji Press)--Japan's Sumitomo Mitsui Financial Group Inc. will withdraw from an international framework of banks committed to decorbonizing their operations, in the face of U.S. President Donald Trump's pro-fossil fuel policy, according to informed sources.
The decision follows similar moves of major U.S. banks, which came in response to growing criticism within the Trump administration of restrictions to financing the fossil fuel industry.
(2025/03/05-13:16)
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