Aurizon AGM dominated by Adani concerns

17 October 2019 Aurizon’s annual general meeting (AGM), held in Brisbane today, was dominated by concerns over Aurizon’s potential involvement in the destructive Adani Carmichael coal project. Both shareholders inside the meeting and #StopAdani activists outside called on the rail freight company to refuse to provide coal haulage services to … Read More

Engineering firm Cardno becomes 60th major company to rule out Adani

10 October 2019 This morning at its annual general meeting (AGM) in Sydney, engineering consultancy Cardno’s Chairman committed the company to doing no further work on the disastrous Adani Carmichael coal project. Cardno, which has been involved with Carmichael since at least as early as 2013, will be winding up … 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

Over 100,000 people call on AIG to #StopAdani

29 August 2019 A petition with over 135,000 signatures from all over the world was handed to AIG at its Australia headquarters in Sydney today, calling on the company to rule out insuring the disastrous Adani Carmichael coal project. Hundreds of people joined actions outside AIG offices in Sydney, Melbourne … Read More

Media release: Chubb’s coal policy has an Australia-sized loophole

July 9, 2019 Chubb’s new restrictions on its underwriting and investments in thermal coal have come under attack from Australia, as groups there call upon the insurer to clarify its stance on the controversial Adani Carmichael coal project. Chubb’s policy rules out underwriting new risks from companies that receive more … Read More

Banks could accidentally fund Carmichael coal via Adani bond issue

8 July 2019 In early July 2019 Adani issued US$1billion in bonds for one part of its business (Adani Ports and Special Economic Zone), which nine major banks invested in. This company operates several ports in India. Unfortunately, the evidence shows that the Adani group of companies has regularly funded … Read More

Adani still vulnerable on insurance for its Carmichael mine and railway

Great Barrier Reef coral bleaching

28 June 2019 Like the stampede that saw almost 40 major banks turn their backs on Adani’s Carmichael coal mine and rail project (eventually forcing Adani to pledge it will “self-fund”), major insurance companies are now also refusing to insure this climate-wrecking project. All major projects require underwriting insurance, for … Read More