PARIS: The number of insurers turning their backs on coal more than doubled in 2019, activist groups said Monday, sapping the viability of projects using the highly-polluting fuel.
“This action is having a tangible impact,” it said, citing brokers as saying that costs are increasing to insure coal facilities with certain projects already being unable to obtain any coverage. The report pointed to the struggle the Indian group Adani has had to find insurance to develop the huge Carmichael coal mine in Australia, noting that at least 16 international insurers have ruled out underwriting the project.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia retains seat in IMO, a boost for image in global maritime industry | Malay MailLONDON, Nov 30 ― Malaysia has retained its seat in the International Maritime Organisation (IMO) Council for the eighth consecutive term with a higher vote tally, boosting the country's image in the global maritime industry. Malaysia secured 142 votes -- the third highest among 24 other...
Source: malaymail - 🏆 1. / 86 Read more »
Sabah seeks devolution of power to improve state's tourism industryKOTA KINABALU: Sabah is hoping that the devolution of power from the Federal government to the state will materialise soon to allow for better management of the tourism industry, said Deputy Chief Minister Datuk Christina Liew.
Source: NST_Online - 🏆 17. / 53 Read more »
Malaysia retains seat in IMO, a boost for image in global maritime industryLONDON (Bernama): Malaysia has retained its seat on the International Maritime Organisation (IMO) Council for the eighth consecutive term with a higher vote tally, boosting the country's image in the global maritime industry. Cc: 1rmf5
Source: staronline - 🏆 4. / 75 Read more »