19 November 2019 The number of households whose insurance premiums have become unaffordable is rising at an alarming rate across Australia. This is because of more extreme weather events and rising sea levels, which are linked directly to global warming. Unfortunately, it’s a situation that will only get worse while … Read More
Medibank claims fossil fuel divestment, but hasn’t finished the job
14 November 2019 What a difference a few years makes. Back in 2016, when the climate crisis was first raised by shareholders at the Medibank annual general meeting (AGM), the company seemed to have given no consideration to the impacts that fossil fuel pollution and global warming would have on … Read More
IAG Shareholder action
Take Action: Write to IAG and ask it to follow-through on the commitments made at its 2019 annual general meeting. IAG AGM report: 25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set … Read More
IAG obscures its fossil fuel investments
25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG’s chair said getting fossil fuel exposure down to … Read More
AIG hangs sponsorship partner NZ Rugby out to dry
21 October 2019 AIG’s refusal to make a one sentence statement has drawn New Zealand Rugby into the #StopAdani campaign, tarnishing the All Blacks brand during the Rugby World Cup. In early September 2019, just days after a massive petition signed by over 100,000 people was presented to AIG’s offices … Read More
Engineers, coal haulage, finance & insurance: Stop Adani campaign update, October 2019
20 October 2019 After another week of news and protest over rail haulers and contracts for the Carmichael rail line, who is on track in the campaign to #stopadani? The working week ended with what looked, at first glance, like a blow to the campaign to prevent Adani’s destructive Carmichael … Read More
Media release: AXIS Capital withdraws from Adani rail line insurance deal
3 October 2019 In a further blow to Adani, US-based insurer AXIS Capital has withdrawn from a bid to insure the construction of the Carmichael rail line. AXIS’ move makes it the 15th major insurer and 58th company to refuse to support the construction of Adani’s coal mine and railway … Read More
Adani could be doing an insurance deal with Lloyds, Canopius and AXIS Capital
UPDATE 4 October 2019 AXIS Capital and Canopius have withdrawn from the rail line insurance deal! AXIS made a statement saying it “…confirmed that AXIS has withdrawn its quotes for the Adani railway.” Canopius has also made a statement saying “Canopius is not involved in any negotiations to provide insurance … Read More
Suncorp faces heat at its AGM as losses mount on climate impacts
Brisbane, 26 September 2019 The climate crisis dominated Suncorp’s annual general meeting in Brisbane today, from the Chairman and CEO reporting losses from extreme weather events, shareholders bringing personal stories of how climate impacts are destroying their lives, right the way through to the last item of business – a … Read More
Tip-off reveals AIG is Adani’s insurer
16 September 2019 A tip-off from a staff member has revealed that US-based AIG is providing insurance for Adani’s preliminary works at the Carmichael coal mine site, and for Directors and Officers liability. Adani’s insurance policies are due to expire on 30 September and, according to the tip-off, AIG’s head … Read More
