Major Lloyd’s of London insurers Brit and Hiscox are the latest firms to rule out insurance for Adani’s controversial Carmichael coal mine project.
Brit was the sixth insurer to stop underwriting risks directly related to or associated with Adani’s Carmichael coal mine project, joining AXA XL, Liberty Mutual, and HDI Talanx, who were insuring the coal mine before ruling out further involvement, and Lloyd’s insurers Apollo and Aspen Re, who committed to stop underwriting the project when active policies expire. Hiscox not only ruled out insuring Adani but brought in policy to stop future insurance for all new coal mines.
Brit and Hiscox’s commitments are major blows to Adani’s disastrous Carmichael coal project. Lloyd’s of London was one of the last places on Earth that Adani could turn to find insurance, and they were one of the largest remaining insurers. Now, Lloyd’s doors are just inches from being closed to Adani, for good.
These announcements came after 750 Coal Action Network supporters flooded the inboxes and phone lines of Brit and Hiscox. This pressure was in solidarity with the ongoing action taken by the Australian Stop Adani movement. Locals in Coffs Harbour and the Gold Coast (Australia) had been hounding Brit and Hiscox for months and our combined pressured worked. Now we’re uniting the voices of community members in West Cumbria resisting the Woodhouse Colliery and Australian Stop Adani protesters to push Lloyd’s even further. That's why on the 16th March we're holding an online rally to take action together and plan big bold action for 2021.
Liisa from Stop Adani Coffs Harbour describes the campaign: "For months we got no formal response from Brit. We were getting worried – but we kept at it, sharing our stories, adapting our tactics, and trying new things. We were buoyed by conversations with some Brit staff in London, who were also concerned about the Great Barrier Reef, bushfires and the role of coal in fueling these climate impacts.
Our unrelenting phone calls, emails and calendar reminders, combined with the actions of other #StopAdani groups and our allies in UK, made ripples which grew to a wave that Brit could not ignore."
As they reopened after lockdown, Lloyd’s of London and companies involved in their marketplace opened their offices to find local people demanding that they rule out insuring the West Cumbria and Adani coal mines immediately.
Firstly, it’s nothing at all to do with Lloyd’s PLC, the bank – they’re not great either, but that’s another story. Lloyd’s of London is a large insurance corporation with an HQ in London….
Update on coal extraction and use in the UK
A new report – Still Burning – tells the harrowing but little-known stories of the communities from Russia, Colombia, the USA, and Australia whose homes and way of life are literally torn up to mine the coal beneath them, suffering widespread human rights abuses.
STOP PRESS: in a surprise decision, the West Cumbria coal mine application is going to a public inquiry called by Robert Jenrick (Secretary of State), announced late yesterday (11.03.2021). Climate change will never be a local issue.
Major Lloyd’s of London insurer Brit is the latest firm to rule out insurance for Adani’s controversial Carmichael coal mine project.
Tonight, 18th February 2021, marks the final shipment of coal mined from the North East of England. This marks a momentous victory for the years of anti-coal action, most recently the successfully defeated open cast coal mine application in Dewley Hill, near Newcastle.
People across Australia have been fighting for 10 years to stop one on the most devastating mining projects currently being planned on the globe. Folks in Australia have asked for our help to stop Adani and here’s why…
Today [8thFebruary 2021], youth climate activists added their voice against the planned coking coal mine in West Cumbria. Elijah McKenzie-Jackson (17) submitted a 111,000 signature petition to the Ministry of Housing, Communities and Local Government