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Solutions for Our Climate (기후솔루션) reposted this

⚠️ Global banks risking their own climate commitments @jpmorgan Chase, @Citibank, @BankofAmerica, and @HSBC are underwriting @iamkepco latest bond issuance—despite its heavy coal dependence. Read more 🔗https://t.co/1ZKNqCkOAK SFOC and 25 civil society groups demand they stop

At Solutions for Our Climate (기후솔루션), we believe litigation is one of the most powerful tools to challenge governments and corporations that choose to make the planet pay the price for their profits. Through legal action, we demand they meet their commitments, make sustainable choices, and protect our communities and planet for generations to come. That's why #this #week, we have taken legal action against: 🔹 Stopping Fossil Fuel Expansion in Yongin Semiconductor Plant The South Korean government has approved the Yongin Semiconductor Industrial Complex, which includes plans for massive new gas power plants. This new complex is an opportunity for Korea to be the face of the budding green semiconductor trend, yet it is instead choosing to serve fossil fuel interests. The decision contradicts Korea’s own carbon neutrality goals and threatens both the climate and future industrial competitiveness. The approval process failed to account for the huge amount of GHG emissions and the project relies on an unrealistic hydrogen co-firing strategy that lacks economic and technical feasibility. We are suing to prevent these unnecessary gas plants and push for a clean energy alternative that aligns with Korea’s global climate commitments. 🔹 Challenging Public Funds for Mozambique Gas Projects Despite global efforts to phase out fossil fuels, Korea Gas Corporation(KOGAS), a state-owned entity, is moving forward with a $562 million investment in the Mozambique Coral North FLNG project—a financially and environmentally reckless decision. KOGAS’s investment deepens Korea’s reliance on fossil fuels, contradicts carbon neutrality policies, and exposes shareholders to significant financial risks. We are holding KOGAS accountable for using public resources to fund the declining fossil fuel industry, rather than supporting a just transition to renewable energy. These cases highlight a clear issue: the South Korean government and corporations are making decisions that fuel the climate crisis instead of fighting it. Through litigation, we are demanding that public and private institutions act responsibly and prioritize a sustainable future over outdated fossil fuel project. Check out our video on Yongin Semiconductor and why Samsung is in crisis: https://lnkd.in/gSBt8Q3q More details on Mozambique case here 👉 https://lnkd.in/gk49WjAF #ClimateAction #LitigationForChange #CarbonNeutrality #StopLNG #RenewableEnergy

🌍🔥Burning trees is not a climate solution. Replacing fossil fuels with destructive #bioenergy only worsens the crisis. That’s why 82 civil society organizations, including Solutions for Our Climate (기후솔루션), are calling for an end to harmful bioenergy incentives. We need real climate solutions—fair, efficient, and sustainable. Read the full statement here 👇 #BeyondBioenergy #StopBurningTrees #RealClimateAction