Media Release

Wednesday 15 February: A complaint has been lodged with the Singapore Exchange outlining how Japan’s largest power company JERA has failed to disclose critical information on financial and legal risks in relation to a US$300 million bond issued in April 2022. The complaint by environmental finance organisation, Market Forces, highlights that JERA has omitted key information about the risks of investing in Liquified Natural Gas (LNG), when the Russia-Ukraine war has increased LNG price volatility and global climate goals are accelerating the transition from fossil fuels to renewable energy. Formally lodged to the Singapore Exchange Whistleblower Office, the complaint also highlights a serious failure to disclose legal action by Australian Indigenous Tiwi Islanders over a major gas project, which could have a material effect on JERA’s financial prospects. Dr. Sachiko Suzuki, Japan Senior Climate Finance Analyst, Market Forces, said: Read More