Mizuho says it will stop lending to new coal power projects [Reuters (UK)]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
US:NYSE Investor Relations:
mizuho-fg.com/investors/index.html
Company Research
Source: Reuters
Mizuho says it will stop lending to new coal power projects - Reuters 2 Min Read TOKYO (Reuters) - Mizuho Financial Group said it will stop financing new coal power projects and end all loans for coal by 2050, handing a victory to the global climate movement and adding pressure on the remaining two of Japan’s three largest full service banks. The policy change still leaves Japan’s third-biggest bank by assets a lot of wriggle room on lending to projects planned or under construction, while the 2050 cutoff is considered by many to be too late for a total exit from the dirtiest fossil fuel. Mizuho, one of the world’s biggest lenders to coal power stations, said in a statement on Tuesday that it would cut its outstanding balance of 300 billion yen ($2.8 billion) in loans to coal power projects as of March this year in half by 2030 and reduce them to zero by 2050. A shareholder resolution sent to Mizuho management last month calls on the bank to outline a plan and set targets so that its
Show less
Read more
Impact Snapshot
Event Time:
MFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MFG alerts
High impacting Mizuho Financial Group, Inc. Sponosred ADR (Japan) news events
Weekly update
A roundup of the hottest topics
MFG
News
- Hedge Fund Effissimo Stirs Speculation With Its Stake in Nissan [Yahoo! Finance]Yahoo! Finance
- 3 Dividend Stocks To Consider With Yields Up To 5% [Yahoo! Finance]Yahoo! Finance
- Two of America's Biggest Debt Holders Are Dumping Treasuries [Yahoo! Finance Canada]Yahoo! Finance Canada
- Two of America's Biggest Debt Holders Are Dumping Treasuries [Yahoo! Finance]Yahoo! Finance
- Yen Bulls Lie in Wait for US-Japan Yield Gap to Shrink Next Year [Yahoo! Finance]Yahoo! Finance
MFG
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- MFG's page on the SEC website