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Insurance companies pressured not to cover Adani's Carmichael mine

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Insurers are being lobbied not to provide cover for Adani's Carmichael mine. Thermal coal will ultimately become 'unininsurable', TimBuckleyIEEFA tells angelavoipierre, but Adani will 'most likely' find an insurer. julesallover abcAM

 

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TimBuckleyIEEFA angelavoipierre julesallover Bullying insurers is no different to stopping their customers from entering their premises.

TimBuckleyIEEFA angelavoipierre julesallover More privileged white people denying coal power for the impoverished brown people of India.

TimBuckleyIEEFA angelavoipierre julesallover Why will thermal coal become uninsurable? What are the uninsurable risks? Surely the insurer would just exclude anything uninsurable - but I’m struggling to see what such risks would be? RossHammondSF

TimBuckleyIEEFA angelavoipierre julesallover That's not how business works

TimBuckleyIEEFA angelavoipierre julesallover In less than 2 weeks with only a few letters and phone calls we got some of the world's largest insurers to publicly pledge they won't insure this climate-wrecking boondoggle. I wouldn't count civil society out quite that quickly.

TimBuckleyIEEFA angelavoipierre julesallover Legislate for self insurance with funds held in full, in a public trust. Basically make it too expensive for them.

we don't need this mine. It will also bring down the coal loving LNP. I auspol

TimBuckleyIEEFA angelavoipierre julesallover

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