President Ferdinand R. Marcos Jr. welcomed on Tuesday the commitment of the Mitsubishi UFJ Financial Group Inc. (MUFG) to help the Philippine government in the country’s transition from fossil fuel to renewable energy.
In a courtesy visit of MUFG Chairman Mike Kanetsugu, President Marcos said he welcomed the commitment of the MUFG as he emphasized that the Philippines is balancing the importance of both the renewables and fossil fuels.
The President added the Philippine government is very sensitive to the climate change situation in the country.
“We are also very conscious of our situation in the Philippines wherein we are very sensitive to climate change. It is very important that we play also a part to move the balance of renewables and fossil fuels more and more in favor of renewables,” Marcos said.
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