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
US$2.2 trillion investor PIMCO bans Adani Ports
22 March One of the world’s largest investors, PIMCO, has banned future investment in Adani Ports and Special Economic Zone (Adani Ports) due to the company’s role in the controversial Adani Carmichael coal project in Australia. PIMCO, which manages US$2.21 trillion, did not participate in the most recent bond issue … Read More
Adani Ports’ inclusion on Dow Jones Sustainability Index to be reviewed
19 March 2021 S&P Global has responded to a case put forward by 37 organisations by agreeing to undertake a review into the inclusion of Adani Ports and Special Economic Zone in the Dow Jones Sustainability Index (DJSI). After receiving the case on Wednesday 17 March (see coverage), S&P responded … Read More
S&P is reviewing Adani Ports’ inclusion on coveted Dow Jones Sustainability Index
19 March 2021 Within hours of receiving a letter from 37 groups calling on S&P Global to review Adani Ports’ inclusion on its Dow Jones Sustainability Index (DJSI), the ratings agency giant has confirmed it will conduct a formal review. S&P wrote to Market Forces on 18 March with the … Read More
Coal and coup; urgent review of Adani’s inclusion on Dow Jones Sustainability Index demanded
18 March 2021 UPDATE: (19/03/21) Market Forces has received confirmation that S&P Global will conduct a review into Adani Ports’ status in its Dow Jones Sustainability Index. We call on S&P to take the evidence we have presented seriously and to ensure that any company involved in a massive thermal … Read More
Coal and coup: Dow Jones Sustainability Index urged to urgently review Adani Ports status
17 March 2021 Just months after Adani Ports and Special Economic Zone (Adani Ports) debuted on the Dow Jones Sustainability Index (DJSI), environment and human rights groups representing millions of people from the USA, Europe, Myanmar and Australia, have formally made the case that the company should have its inclusion … Read More
HSBC bows to pressure and will phase out coal lending. It must also cut ties with Adani
16 March 2021 In response to a shareholder resolution coordinated by ShareAction, HSBC, Europe’s largest bank and one of the biggest backers of fossil fuels, has announced it will table its own resolution on plans to phase out financing for coal-fired power and thermal coal mining across the EU and … 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