JBIC’s Dirty Financing Harms
People and Planet Globally

JBIC

Japan

JBIC

Japan

Project Type:

JBIC Financing:

Affected Communities:

Community Harms:

Japan Bank for International Cooperation (JBIC) has provided US$16.8 billion in gas financing across the globe since 2016, the year the Paris Agreement took effect. Here are just a few of the polluting projects it has financed.

Learn more

Vietnam Block B

Vietnam

Vietnam Block B

Vietnam

Project Type:

Gas Fields and Pipelines

JBIC Financing:

US$415 million

Affected Communities:

Fisherfolk, Locals

Community Harms:

Threat to marine biodiversity
Destroying local ecosystems

Learn more

Freeport LNG & Cameron LNG

US

Project Type:

LNG Export Terminals

JBIC Financing:

US$2.6 billion (Freeport), US$2.5 billion (Cameron)

Affected Communities:

Communities of Color, Locals

Community Harms:

Health hazards & explosion risks
Devastating impact on fisheries
Unfair tax evasion

Learn more

Gulf SRC Power Plant & Gulf Pluak Daeng Power Plant

Thailand

Gulf SRC Power Plant & Gulf Pluak Daeng Power Plant

Thailand

Project Type:

LNG Plant

JBIC Financing:

US$435 million

Affected Communities:

Fisherfolk, Locals

Community Harms:

Loss of livelihood
Marine destruction
Lack of compensation for health impacts

Learn more

AG&P Linseed LNG Terminal

Philippines

AG&P Linseed LNG Terminal

Philippines

Project Type:

LNG Import Terminal

JBIC Financing:

US$100 million in equity (AG&P) by JBIC & Osaka Gas

Affected Communities:

Fisherfolk, Local Communities

Community Harms:

Damage to biodiversity
Loss of livelihood
JBIC objection procedure
Water pollution

Learn more

Mozambique LNG

Mozambique

Mozambique LNG

Mozambique

Project Type:

Gas Fields

JBIC Financing:

US$3.536 billion

Affected Communities:

Fisherfolk, Locals

Community Harms:

Social injustice and human rights infringements
Low revenues to the host country
Worsened regional security
Risks of becoming stranded assets

Learn more

Donggi Senoro LNG

Indonesia

Donggi Senoro LNG

Indonesia

Project Type:

LNG Export Terminal

JBIC Financing:

US$1.076 billion

Affected Communities:

Fisherfolk, Farmers

Community Harms:

Restrictions on fishing
Reduced fish catches
Decreased crop yields and quality
Emerging health issues

‍

Learn more

LNG Canada

Canada

LNG Canada

Canada

Project Type:

LNG Export Terminal

JBIC Financing:

US$850 million

Affected Communities:

Wet’suwet’en Nation and neighboring nations

Community Harms:

Lack of free, prior, informed consent of the Indigenous people (FPIC)
Militarized violence, psychological warfare, harassment, and dispossession
Harming the way of life and land of locals and Indigenous people
Disrupting and damaging the rivers

‍

Learn more

Meghnaghat Gas-Fired Power Plant

Bangladesh

Meghnaghat Gas-Fired Power Plant

Bangladesh

Project Type:

LNG Plant

JBIC Financing:

US$265 million

Affected Communities:

Locals, Bangladesh Consumers

Community Harms:

Escalating electricity prices
Loss of livelihood
Declining fish populations

‍

Learn more

Scarborough Gas Project

Australia

Scarborough Gas Project

Australia

Project Type:

Gas Fields

JBIC Financing:

US$1.831 billion in loans

Affected Communities:

Indigenous communities

Community Harms:

Destruction of Aboriginal heritage sites
Threats to marine ecosystems and biodiversity
Lack of free, prior, informed consent of the Indigenous people (FPIC)

Learn more

Click and drag to spin the globe.
Hold Ctrl and scroll to zoom in or out.

Source: Public Finance for Energy Database,
“Faces of Impact: JBIC and Japan’s LNG Financing Harms Communities and the Planet” (2024)

5 Reasons Why We Need to
End JBIC’s Dirty Financing

JBIC is financing the destruction of our precious, delicate biodiversity.

The Verde Island Passage in the Philippines, often called the “Amazon of the Oceans,” is now under siege from multiple LNG ventures, including a highly controversial terminal funded by JBIC. Documented infringements, such as illegal tree cutting, land conversion, and a lack of environmental compliance, have led to significant ecosystem damage. A government agency issued a cease-and-desist order in August 2022 after confirming premature land conversion.

CEED

JBIC is fuelling the loss of our friends and families’ livelihoods.

In Indonesia, JBIC-backed gas projects in regions like Central Sulawesi, West Papua, and West Java are already harming fisherfolk and farmers’ livelihoods by threatening marine life. The projects have led to fishing restrictions, reduced access to traditional grounds, and a dramatic decline in fish yields, devastating local economies. In Rayong province, Thailand, an LNG import terminal supplying a JBIC-financed power plant is severely harming local marine biodiversity, diminishing fish populations and threatening the livelihoods of fisherfolk who have received no fair compensation.

WALHI Central Sulawesi / FoE Japan

JBIC-financed projects are associated with violent treatment of Indigenous communities

In Canada, hereditary chiefs of the Wet’suwet’en First Nation are fighting against a pipeline that is part of a JBIC-financed LNG export facility. The project commenced without Free, Prior, and Informed Consent, triggering protests that were quelled with violent, militarized state responses, including arrests. The UN Committee on the Elimination of Racial Discrimination has called for a halt to the project. Similar developments in Australia have led to confirmed legal breaches by the Federal Court of Australia.

Freda and ceremonial fire by Land Defenders / Virginia Monk & Chris Heffley

JBIC-financed projects are fostering long-term health crises for our communities of color.

In the Gulf Coast of the United States, JBIC-funded LNG export terminals have experienced an explosion incident and numerous leakages of hazardous substances. These incidents have released hazardous pollutants into the air, contributing to a rise in respiratory illnesses, heart disease, and cancer, disproportionately affecting communities of color.

Roishetta Ozane, local community resident / Dayna Regerro

JBIC-financed projects are exacerbating the impacts of civil unrest and security threats.

In Mozambique, a JBIC-financed LNG project is poised to resume amidst ongoing conflict. The project site, managed by TotalEnergies, denied refuge to civilians during insurgent attacks, prompting a criminal complaint for involuntary manslaughter.

Justiça Ambiental

JBIC must take accountability.

Japan and Japan’s Bank for International Cooperation must take accountability for their part in vastly expanding LNG across the globe, harming lives and causing the loss of livelihood.

This goes against JBIC’s environmental and social guidelines that say measures are in place to ensure that “project proponents undertake appropriate environmental and social considerations [to] prevent and minimize impacts,” which may be caused by JBIC-funded projects. JBIC also claims it is committed to human rights, and expects its clients and suppliers to do the same.

JBIC must engage with communities impacted by fossil gas projects and take swift action to address their concerns, following JBIC’s Guidelines for Environmental and Social Considerations. If projects are found to harm the environment or communities, suspend funding immediately or demand immediate repayment of all outstanding principal, interest, and charges.

Asian Peoples' Movement on Debt and Development]

Honor Japan’s G7 commitments by ending direct public support for overseas fossil fuel projects. Additionally, Japan and JBIC must commit to not financing new fossil gas projects, ensuring no exceptions for abated fossil fuels, energy security, claims of alignment with the 1.5℃ target, or geostrategic interests.

Credit: WALHI

The Japanese Government and JBIC should agree to extend the existing prohibition on support for new coal-fired power generation to include fossil fuels, including fossil gas (LNG), in Article 6 of the Arrangement on Officially Supported Export Credits under the OECD.

FoE Japan

Japan should support climate finance within public funding for the New Collective Quantified Goal under the United Nations Framework Convention on Climate Change. This includes advocating for Global North governments to collectively contribute US$5 trillion annually, enabling a just energy transition in the Global South.

Protesters at Woodside’s Annual General MeetingCredit: Market Forces /Miles Tweedie Photography

END JBIC’sDirty Financing

JBIC’s Dirty Financing HarmsPeople and Planet Globally

JBIC

Japan

Vietnam Block B

Vietnam

Freeport LNG & Cameron LNG

US

Gulf SRC Power Plant & Gulf Pluak Daeng Power Plant

Thailand

AG&P Linseed LNG Terminal

Philippines

Mozambique LNG

Mozambique

Donggi Senoro LNG

Indonesia

LNG Canada

Canada

Meghnaghat Gas-Fired Power Plant

Bangladesh

Scarborough Gas Project

Australia

END JBIC’s
Dirty Financing

JBIC’s Dirty Financing Harms
People and Planet Globally