Insurers shun Adani’s Carmichael mine, reflecting the industry’s retreat from coal
Published by Stephanie Roker,
Global Mining Review,
The Indian conglomerate Adani Group is trying to move forward with plans to build a massive coal mine in the Galilee Basin in Queensland (Australia). This project has been the object of years-long controversy in Australia and around the world. The toxicity of Adani’s proposed Carmichael coal mine – not just environmentally and socially, but reputationally as well – has made the project a base test of credibility for any global financial institution wanting to be taken seriously as a climate change risk manager.
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Read the article online at: https://www.globalminingreview.com/special-reports/01042019/insurers-shun-adanis-carmichael-mine-reflecting-the-industrys-retreat-from-coal/
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