Lockton distances itself from controversial coal mine - report

Lockton distances itself from controversial coal mine - report | Insurance Business Australia

Lockton distances itself from controversial coal mine - report

Another insurance company has refused to work with the controversial Adani Australia's (Adani) Carmichael thermal coal mine.

In a press release by environmental campaigner Market Forces, Lockton Companies (Lockton) confirmed that it never signed Adani's appointment letter. The insurer has also confirmed in writing to its employees and clients that it is not working with Adani. However, it refused to put into writing that it will never work with the company.

According to Market Forces, the #StopAdani campaign received information that Lockton received a letter from Adani to become the coal mine project's insurance broker. Some evidence further suggested that the broker might be involved with the project after Marsh, Adani's long-standing insurance broker, cut ties with the project.

Read more: Adani coal mine: Insider tip off points to brokerage giant, says Market Forces

An insider tip-off noted a relationship between Adani group insurance manager Brad Green and Lockton – his LinkedIn profile showed he is a former Lockton employee. However, as of writing, Green's profile indicates he has stepped down from his role at Adani.

According to his LinkedIn profile, Green is a former Lockton employee. Green’s LinkedIn profile now indicates he has left his role with Adani.

Market Forces claimed that Lockton's next step might be formalising its commitment to refusing to be involved with the controversial coal mine project via a written statement or a broader coal and energy policy.

As of writing, 44 of the world's largest insurance companies have refused to provide coverage for the Adani coal mine project.