One of the things Adani needs for both the construction and operation of its climate-wrecking coal project is insurance. And we now know where Adani is getting it from. In June, a leak from a brave Marsh (Adani’s insurance broker) employee exposed Lloyd’s of London...
Macquarie fails to commit to coal and gas phase outs
30 July 2020 Major Australian financial institution Macquarie was today challenged over its involvement in the coal and gas industries, and the risks this poses to shareholders, communities and the environment. Macquarie claims its "lending exposures to [the coal]...
Deutsche Bank, Standard Chartered, Barclays and JP Morgan helping Adani Ports raise billions
10 July 2020 Banks that have pledged to not finance the Adani Carmichael coal project could be unintentionally helping to do just that. Media reports this week reveal that Adani Ports and Special Economic Zone (APSEZ), the owner of several ports in India, is aiming to...
Liberty Mutual, HDI/Talanx and Aspen revealed as Adani’s insurers
UPDATE 19 June 2020 All four of the insurers named in the article last week as underwriters for the Adani Carmichael project are now out! Aspen has confirmed it will not renew its insurance policies covering the Carmichael coal project. Read the news here. It is not...
Marsh & McLennan present greenwash at AGM
28 May 2020 Marsh and McLennan's 183-word 'Client engagement principles' is not a climate policy, it is greenwash. Last week Marsh & McLennan (MMC), Adani’s insurance broker Marsh’s parent company, held its 2020 annual general meeting (AGM).Following months of...
Adani looking for Abbot Point investors
12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going...
The Siemens fiasco should scare off Adani’s other European supporters
20 February 2020 The pressure on Siemens, the German multinational which last month destroyed its reputation over a $30 million contract, offers a cautionary tale about how dangerous business as usual can become if you haven’t noticed that the world around you has...
BlackRock has a mountain to climb if it wants the moral high ground on Adani
7 February 2020 After Siemens' annual general meeting in Munich became a parade of criticism and rebuke over the company's decision to work on the Adani Carmichael coal mine, BlackRock decided to weigh in to the issue. The Financial Times reports that BlackRock...
Australia’s major political parties, brought to you by fossil fuels!
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Siemens chooses Adani over a safe climate
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