MEDIA RELEASE Tuesday 28 May: A new Market Forces report reveals Australia’s top 30 super funds have more than $39 billion invested in companies globally with the biggest fossil fuel expansion plans. Investments in this group of 190 companies - dubbed The Climate...
Insurance
Lloyd’s and Probitas1492 named as Adani Carmichael coal insurers
Coal Action Network and Money Rebellion groups held a rally outside Probitas1492’s London office last Wednesday, calling on it to rule out any further insurance for Adani’s climate-wrecking Carmichael coal project in Australia. This rally follows insider information...
Austbrokers under pressure due to Adani coal links
4 November 2022 Austbrokers parent company AUB Group trotted out several classic fossil fuel industry talking points at its annual general meeting (AGM) in Sydney yesterday, in an attempt to justify its work arranging insurance for the climate-wrecking Adani/Bravus...
Coal miners looking to self-insure new climate-wrecking projects
Since 2021, coal miners, including Adani/Bravus, New Hope and Whitehaven, have complained openly of difficulties securing insurance for their destructive activities. 45 major insurers have ruled out any coverage of Adani’s Carmichael coal mine, and according to Insure...
World’s largest insurance broker cuts ties with Adani Carmichael coal mine
23 June 2022, for immediate release The Adani Carmichael coal mine’s long-standing insurance broker, Marsh, has confirmed it has ended its commercial relationship. This news, published in InsuranceERM, comes two weeks after the #StopAdani campaign received an...
Has Lockton put ethics aside to back Adani’s disastrous coal mine?
UPDATE 26 August 2022 Lockton has confirmed to Market Forces that it is not and will not broker insurance for Adani's Carmichael thermal coal project. Find out more here. 23 June 2022 Two weeks ago, the #StopAdani campaign received a tip-off that on 29 May 2022,...
Revealed: QBE insuring new coal plant construction in Vietnam
9 June 2022 A briefing released today by the international Insure Our Future campaign and Korea-based Solutions For Our Climate reveals that Australian insurer QBE is providing insurance for the construction of the Nghi Son 2 coal-burning power station in Vietnam, and...
Investors give QBE a free pass despite hypocrisy on climate
6 May 2022 A shareholder resolution calling on QBE to align its oil and gas underwriting and investment with the goals of the Paris Agreement achieved 19.8% support at QBE Insurance’s AGM yesterday. As has been the case for several years now, the AGM was dominated by...
$6.8 billion fund co-files resolution targeting QBE over weak oil and gas policies
Tuesday 3 May 2022 QBE’s board is facing a confrontation with shareholders at its AGM this Thursday, with a resolution placing its oil and gas policies under the spotlight. The resolution has been co-filed by $6.8bn Australian Ethical and shareholders coordinated by...
QBE supports Paris and net zero with words, undermines them with actions
For immediate release: 18 February 2022 QBE’s willingness to underwrite new oil and gas projects will see it once again face a shareholder resolution, coordinated by Market Forces and co-filed with Australian Ethical, an investor managing over $6.5 billion as of...