The environmental NGO Rainforest Action Network (RAN) has published a fact sheet accusing Japanese banks MUFG and Mizuho of violating the Equator Principles in their financing of the Rio Grande LNG project. The report highlights failures in stakeholder engagement, specifically the lack of Free, Prior, and Informed Consent (FPIC) from the local Carrizo/Comecrudo Tribe, whose sacred sites are impacted. Despite complaints filed through JaCER, the banks continue to fund the project's expansion, prompting RAN to demand an immediate halt to their support.

FACT BOX

  • Source: PR TIMES
  • Category: Press Release