Demand that MUFG does NOT finance the Rio Grande LNG Export Terminal

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Demand that MUFG does NOT finance the Rio Grande LNG Export Terminal

MUFG CEO, Hironori Kamezawa

Sign the petition: Demand that MUFG does NOT finance the Rio Grande LNG Export Terminal

The Rio Grande LNG export terminal would violate Indigenous rights, exacerbate environmental racism, destroy healthy wetlands, and add millions of tons of greenhouse gas to the atmosphere.

It’s such a bad idea that banks are starting to refuse to finance the project. The French bank, Société Générale, recently stepped back as the project’s main financial advisor. They are the eighth bank to publicly commit to not financing the project.

Unfortunately, the Japanese bank, MUFG, has stepped in and is now acting as the RGV’s primary financier. Last week, the Tribal Chair of the Carrizo Comecrudo Tribe sent a letter to MUFG, demanding that they walk away from the project.

Stand in solidarity with the Carrizo Comecrudo Tribe and communities in the Rio Grande Valley todemand that MUFG does NOT finance the RVG LNG export terminal.

See the full petition that will be sent to MUFG’s CEO, Hironori Kamezawa, below:

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Stop The Money Pipeline

To: MUFG CEO, Hironori Kamezawa
From: [Your Name]

Dear Mr. Kamezawa,

If built, the Rio Grande LNG export terminal would violate Indigenous rights, exacerbate environmental racism, destroy healthy wetlands, and add millions of tons of greenhouse gas to the atmosphere. These risks have been meticulously laid out in the report Rio Grande Valley: At Risk from Fracked-Gas Export Terminals.

The Rio Grande LNG export terminal is such a catastrophically bad idea that banks are even starting to refuse to finance the project. Société Générale recently stepped back as the main financial advisor to the project. They are the eighth bank to publicly commit to not financing the project due to environmental, social, and reputational concerns.

Unfortunately, it has come to our attention that MUFG has taken over as the lead financial advisor for NextDecade as it seeks financing for the Rio Grande Valley export terminal.

We are writing to urge MUFG to immediately end its relationship with NextDecade and the Rio Grande LNG export terminal.

Financing for this project comes with inherent risks for any banks involved in the project.

In 2016, banks financing the Dakota Access pipeline were subjected to hundreds of protests and civil society actions, including thousands of people closing their accounts and large institutional clients, such as cities, making high-profile commitments to move their money away from the banks financing the pipeline. In 2021, a similar campaign was launched against the banks financing the Line 3 pipeline.

With the concerns around Indigenous rights, environmental racism, wildlife protection, and climate impacts, any bank involved in the Rio Grande Valley LNG terminal risks subjecting itself to similar scrutiny from civil society.

As thousands of people who are deeply concerned about the social and environmental impact of the RGV LNG terminal, we join the call for you to meet with Carrizo Comecrudo Tribal representatives, and with local and international leadership from the Rio Grande Valley.

And we urge you to end your relationship with NextDecade and the Rio Grande LNG export terminal.

Sincerely,