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Pablo Brait, campaigner from campaign group Market Forces, said: “With more and more insurers turning their backs, Adani has an obligation to explain to its shareholders and business partners how it will insure the risky Carmichael coal project for the decades it intends to run it. “TMK’s promise means all 10 of the biggest Lloyd’s insurers are now committed to not insuring the disastrous Adani Carmichael coal project. “Significantly, the wording of TMK’s statement implies it is an existing insurer, which, if true, would make this commitment a significant blow to Adani’s controv...

Pablo Brait, campaigner from campaign group Market Forces, said: “With more and more insurers turning their backs, Adani has an obligation to explain to its shareholders and business partners how it will insure the risky Carmichael coal project for the decades it intends to run it. “TMK’s promise means all 10 of the biggest Lloyd’s insurers are now committed to not insuring the disastrous Adani Carmichael coal project. “Significantly, the wording of TMK’s statement implies it is an existing insurer, which, if true, would make this commitment a significant blow to Adani’s controv...

Campaign group asks S&P to cut Adani Ports from DJ Sustainability index Reuters 4 days ago © Reuters/Amit Dave A general view of a container terminal is seen at Mundra Port in the western Indian state of Gujarat MELBOURNE (Reuters) - Environmental campaign group Market Forces has asked S&P Global to remove India's Adani Ports and Special Economic Zone Ltd from a Dow Jones Sustainability Index, citing its ties to the Myanmar military and role in developing a new thermal coal mine. Market Forces, which made the request on Wednesday, said in a statement that aside from Myanmar links, Adan...

By Reuters Staff 3 Min Read MELBOURNE (Reuters) - Environmental campaign group Market Forces has asked S&P Global to review the inclusion of India’s Adani Ports and Special Economic Zone Ltd in a Dow Jones Sustainability Index, citing its ties to the Myanmar military and role in developing a new thermal coal mine. FILE PHOTO: A general view of a container terminal is seen at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave Market Forces, which made the request on Wednesday, said in a statement that aside from Myanmar links, Adani Ports should be scrutini...

Campaigners are now calling on the few Lloyd’s syndicates that have so far allegedly remained silent on the project, including Arch, Ark, Hamilton, Hiscox, Lancashire and MS Amlin, to clarify that they will not insure or renew insurance for this ”climate-wrecking” project. The Stop Adani movement and Insure Our Future are increasing pressure on Lloyd’s following the marketplace’s first ESG policy, which it released in December 2020. Lindsay Keenan, European coordinator at Insure our Future is calling on Bruce Carnegie-Brown, Lloyd’s council chairman, to clarify and improve the mar...