Global insurers called to ditch a US$1.5bn “climate-wrecking project”

Suncorp, QBE, and 28 other global insurers have been called to publicly rule out any insurance services for Adani Group’s Carmichael coal mine and associated rail project in Queensland in light of its potential climate, social, and broader environmental impacts. A coalition of 73 organizations, including Australian NGO Market Forces, Australian Youth Climate Coalition, and the Unfriend Coal campaign, sent the insurers an open letter, urging them to refrain from insuring the Carmichael coal mine – and Adani as a whole, so long as it proceeds with the “carbon and environmental disaster.”