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
Adani contractor unable to find insurance for Carmichael coal work, Adani could be next
14 May 2021 BMD, Adani’s most important contractor for the construction of the rail line component of the Carmichael thermal coal project, has admitted in a bombshell submission to a parliamentary inquiry that its work on Carmichael is being undertaken without public liability, environmental protection or director and officer insurance … Read More
Hold-out Lloyd’s insurers increasingly isolated as MS Amlin says no to Adani
8 April 2021 This week, MS Amlin, the last of the top five Lloyd’s insurers yet to commit to not insure the disastrous Adani Carmichael thermal coal project finally joined its competitors, with its CEO Johan Slabbert publishing the following statement on LinkedIn: With MS Amlin’s commitment, the only insurer … Read More
MS Amlin; the only top 5 Lloyd’s insurer yet to rule out the Adani Carmichael coal project.
25 March 2021 In late 2019, after being denied insurance by mainstream insurance companies, Adani was able to secure coverage for the Carmichael coal project via insurers at Lloyd’s of London. However, while it’s true that Adani Carmichael seems to have managed to scrape together sufficient insurance so far, its options … 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 major piece in its insurance puzzle.
25 February 2021 Another Lloyd’s insurer that is currently providing cover for the Adani Carmichael project has committed to not renewing or taking on any new policies with the destructive coal project. In a victory for the #StopAdani movement, Brit, one of Lloyd’s biggest insurers, has committed to not renew … Read More
QBE kicks climate can down the road & keeps supporting oil and gas expansions despite massive loss
19 February 2021 Together with the announcement of a massive A$2b loss due in part to ever-worsening extreme weather, fuelled by the burning of oil and gas, QBE’s updated Environmental and Social Risk Framework, released today, includes oil and gas targets which ignore the urgency of the climate crisis and … Read More
Media release: QBE faces shareholder resolution after kicking climate can down the road
For immediate release: 19 February 2021 QBE’s updated Environmental and Social Risk Framework, released with its full year results today, includes oil and gas targets which ignore the urgency of the climate crisis and are out of line with the Paris Agreement goal of keeping warming to 1.5 degrees. QBE … Read More
As Lloyd’s of London moves away from coal is this the final nail in the coffin for Adani’s access to insurance?
17 December 2020 Under pressure from the #StopAdani and #InsureOurFuture campaigns, Lloyd’s of London has just told its insurers to exclude new insurance for thermal coal mining, tar sands and arctic drilling by 2022 and phase out all insurance cover for these fossil fuels by 1 January 2030. While the … Read More
Media Release: Lloyd’s takes a step away from coal, threatening Adani’s Carmichael project
17 December 2020 Lloyd’s of London will be publishing its first Environment Social and Governance (ESG) Report today, potentially ending the Adani Carmichael coal project’s ability to secure insurance in its marketplace. According to reports, Lloyd’s is recommending companies operating in its market end the provision of new insurance policies … Read More