Home > Tip-off reveals AIG is Adani’s insurer

Tip-off reveals AIG is Adani’s insurer

16 September 2019

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 office has instructed its Australian branch not to renew them.

AIG was asked to confirm this information but has so far refused to comment to us, or to the media.

A recent opinion poll reveals that 79% of all New Zealanders are personally worried about climate change. The Aotearoa government is part of the Powering Past Coal Alliance, and last month its parliament tabled a landmark bill that would make the country carbon-neutral by 2050.

In response to this revelation, groups in New Zealand/Aotearoa are calling on the All Blacks rugby team to dump AIG as their sponsor for the upcoming Rugby World Cup, until AIG confirms it is no longer insuring Adani’s climate-wrecking project.

Adani’s insurer AIG is a major sponsor of the New Zealand All Blacks
Credit: www.davidmolloyphotography.com

By insuring Adani, AIG is helping set off one of the biggest carbon bombs on the planet in the midst of a climate emergency. It is also helping a project which has resulted in 1,385 hectares of land being taken away from the Wangan and Jagalingou traditional owners and handed over to Adani and the forced bankruptcy of an aboriginal leader who is fighting to stop his land and culture from being destroyed.

The All Blacks, one of the most successful sporting teams on Earth, are tarnishing their reputation by associating themselves with AIG.

The All Blacks, one of the most successful sporting teams on Earth, are tarnishing their reputation by associating themselves with AIG.

Fourteen major insurance companies have so far refused to insure at least one part of the catastrophic Adani Carmichael coal project. Insurance companies are increasingly abandoning thermal coal as their revenues are impacted due to worsening floods, storms, bushfires and heatwaves fueling by global warming.

We, together with over 135,000 others, are calling on AIG to come clean about its relationship with Adani, and until it does, we are calling on the All Blacks to suspend its sponsorship.

Take action. Demand all the companies currently working with Adani (including AIG) end their work on this climate-wrecking project by filling in the form below.

Name*
First Last
Email Address*
Postcode*
Phone Number
Subject (you can edit this)
Your email will be sent to AIG, Altus Traffic, Ardent Group, Arrium, Aurizon, Austrak, BG&E, BMD, Calibre, Caporn Piling, Caterpillar/Progress Rail, Clayton Utz, Compass Assurance Services, Diona, EAC Partners, Decmil, Ernst & Young, Green Acres Hydromulching, G&S Engineering, Go West, Grant Samuel Funds Management, Hanson Australia (Heidelberg Cement) Hevilift, Humes (LafargeHolcim), Jaws, KPMG, Lantrak, LW Survey, MacKellar Mining, Marsh, Martinus Rail, Meales Group, Mendi, Mitchell Water, Moody Civil Pipe, MPC Kinetic, Oracle, Pacific National, Platinum Blasting, QHM Birt, Rocla (Fletcher Building), SAP, Siemens, Sodexo, Spiecapag (Vinci), State Bank of India, Telstra, Viadux (Reece), Vinidex (Aliaxis) and Wagners.
Your message (you can personalise and amend this, your name will be automatically added at the end)*
Re: Adani Carmichael coal project I am very concerned about your company's activities helping Adani mine and export coal from the Galilee Basin in Queensland. I want you to confirm to me personally, and announce publicly, that you will no longer be involved in any part of this project. The proposed Carmichael coal mine poses numerous environmental risks, including the depletion of groundwater, increased particulate air pollution along the transport and shipping corridor, as well as in the region where the coal is burned, and increased industrialisation of Great Barrier Reef World Heritage Area coastal boundary as a result of larger shipping volumes. The project also does not stack up economically, pushing against the tide of a declining coal sector. Most critically of all, the world is on the brink of triggering runaway climate change, and the Paris climate change agreement struck in 2015 aims to hold global warming to below 1.5˚C above preindustrial levels. Building a massive new thermal coal mine is about the clearest example of what we need to avoid if we want a stable, liveable climate. The Carmichael coal mine has become one of the most controversial projects in the world, opposed by the majority of Australians with hundreds of thousands taking action through petitions or public activities to demonstrate their opposition. Any company associated with the project will be held accountable by the community for its support of this environmentally destructive and economically reckless project. Adani itself is a company with a chequered history, most recently being convicted and fined for lying to the Queensland environmental regulator over land-clearing activities on the Carmichael mine site. Again, I urge you to confirm that your company will stop helping contribute to Adani's destructive Carmichael coal plans. I expect your prompt reply to unequivocally rule out any further involvement by your company in any part of the Adani Carmichael coal project. Sincerely,
Of course I want to get updates about this campaign from Market Forces!
- Yes
I'd like to volunteer on the campaign to shift finance away from fossil fuels
- Yes