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Insurers shun Adani’s Carmichael mine, reflecting the industry’s retreat from coal

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World Coal,


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.

Read the article online at: https://www.worldcoal.com/special-reports/01042019/insurers-shun-adanis-carmichael-mine-reflecting-the-industrys-retreat-from-coal/

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