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Mitsubishi Corp has decided to pull out of the Vinh Tan 3 power plant in Vietnam , two sources familiar with the company's thinking on the matter told Reuters, as it shifts away from carbon intensive businesses in the face of climate change . Mitsubishi's move to exit the estimated $2 billion project shows how willing Japanese companies and financiers are to drop their once-strong support for coal amid pressure from shareholders and activists. Japan 's big banks regularly topped lending league tables for coal mines and power stations. But, in a little over a year, they have committed to ending their financing for the dirtiest fossil fuel, albeit over decades. The Japanese trading house will pull out of the 2-gigawatt Vinh Tan 3 project, located in the southern province of Binh Thuan, because of climate targets, the sources who spoke on condition of anonymity said. Mitsubishi has committed to reducing their investment in coal power to keep in line with ... » Learn More about Mitsubishi pulls out of Vinh Tan 3 coal project in Vietnam – sources

India on Sunday sent its first consignment of wheat to Afghanistan through the Chabahar port in Iran, seen as a 'landmark' move to operationalise the new strategic transit route, bypassing Pakistan. The shipment was flagged off from the Kandla port in Gujarat with External Affairs Minister Sushma Swaraj and her Afghan counterpart Salahuddin Rabbani joining the ceremony through video conferencing. 'The shipment of wheat is a landmark moment as it will pave the way for operationalisation of the Chabahar port as an alternate, reliable and robust connectivity for Afghanistan,' the ministry of external affairs said in a statement. In June, India and Afghanistan had launched an air freight corridor between the two countries to boost trade as Pakistan has been refusing land transit access through its territory. "I am extremely delighted that today we have joined on a momentous occasion for the people of our three countries and the region," Swaraj said, terming the move as ... » Learn More about India sends first wheat shipment to Afghanistan via Chabahar port

The recent Indo-Iran deal to develop the strategic Chabahar Port is part of India's "larger geo-strategic calculations" to gain access to the Middle East and Central Asia and to counter Pakistan-China's plan to develop Gwadar port, a media report said in Beijing on Tuesday. "Actually, Chabahar is just the tip of the iceberg of India's geostrategic ambitions. Besides building new berths and upgrades to Chabahar, what interests New Delhi more is a comprehensive scheme that can reshape India's geopolitics to the northwest and extend its influence further into the Middle East, Central Asia and the Trans-Caucasus," an article in the state-run Global Times said on Tuesday. To this end, India has recently committed USD 400 million (Rs 26 hundred crore) in steel to construction of the railway connecting Chabahar and Zahedan, near Afghan border, the report said. "Although New Delhi ostensibly highlights economic considerations, such as facilitating trade along the ... » Learn More about India’s Chabahar port plan is to buffet China’s plans in Gwadar