Adani is doubling down on coal, investors and bond arrangers must act

30 July 2021 In mid-July Adani Electricity Mumbai issued US$300m worth of “sustainability-linked” bonds – a form of general corporate finance which carry no obligation to be directed towards sustainable projects and can be issued by any company willing to report on certain “sustainable” key performance indicators (KPIs). These KPIs … Read More

A climate-wrecking partnership: Marsh McLennan and Adani coal

27 May 2021 Marsh McLennan is one of the few companies left still willing to support the “world’s most insane energy project“; the infamous Adani Carmichael thermal coal mine and rail line in Australia. This climate-wrecking partnership undermines Marsh McLennan’s claims to care about “the greater good” and is seriously … Read More

Hiscox the latest insurer to rule out Adani Carmichael coal project.

4 March 2021 Last night, after announcing a new environment/social/governance (ESG) exclusion policy that rules out underwriting and investing in thermal coal, Arctic oil and gas exploration and tar sands, major insurance company Hiscox told Market Forces that they “have no interest in coal mines like Adani’s and this [ESG] … Read More

Adani loses another insurer as Lloyd’s market feels the pressure

29 October 2020 UPDATE: Lancashire and Ascot have both ruled insurance for the Adani Carmichael project Another Lloyd’s insurer that is providing cover for the Adani Carmichael project has committed to not renewing or taking on any new policies with the destructive coal project. Apollo Underwriters is the latest Lloyd’s … Read More

Adani rebrands Abbot Point coal port to Nth Qld Export Terminal

9 October 2020 Yesterday Adani formalised the rebranding of its coal port from Adani Abbot Point Terminal to North Queensland Export Terminal (NQXT). In paperwork submitted to the corporate regulator ASIC, six companies through which Adani holds and finances the port will have their names changed with all references to … Read More