Ascot declines to renew insurance policy for Adani coal mine

Wed, 16 Jun 2021 06:07:24 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.insurancebusinessmag.com/au/news/breaking-news/ascot-declines-to-renew-insurance-policy-for-adani-coal-mine-257453.aspx>

"Lloyd’s of London insurer Ascot has declined to renew an existing policy for
Adani Mining’s Carmichael coal mine project in Queensland when it expires in
September 2021, climate campaigners have confirmed.

According to a statement from the #StopAdani campaign, Ascot is the fifth
Lloyd's of London insurer to state it will not renew its current insurance
policy with Adani’s Carmichael mine and the 38th insurance company to refuse to
underwrite the controversial coal project."

Good news.  Via Robert Sanscartier.

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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