Last week, four major insurance providers to the controversial Adani coalmine located in Queensland revealed they will no longer provide policies for the project. HDI, AXA XL and Liberty Mutual told Insurance Business Australia they will not have any further business involvement with the coal mine outside of current contractual duties, citing climate change concerns. Aspen Insurance has also pulled the plug on its involvement with the mine for similar reasons.
“Liberty Mutual and Liberty Specialty Markets do not have any current policies in place for the Adani Carmichael mine project and will not be involved in future stages of the project,” a Liberty Mutual spokesperson said. “In January 2019, we informed the appropriate parties we would not be participating in the insurance program for the operational phase of the project.”
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