BACK TO TOP

Victory - Brit will never insure Adani coal mine

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."

Share now:

Subscribe
Notify of
guest

1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Barrie Slipper
Barrie Slipper
2 years ago

Brilliant result! Rang/left messages with both insurers many times without ever getting to speak to anyone and am really chuffed that maybe I contributed a weeny bit to this treeee mendous success! Whoo…hoo!!

Never miss an update! Sign up to our Newsletter

OTHER STORIES

Ffos-y-fran, the UK’s last opencast coal mine finally shut – we’re not celebrating

We are an environmental organisation dedicated to ending coal mining and use in the UK for the sake of our collective climate and ecosystems. So you’d think we’d celebrate the claim by Merthyr (South Wales) Ltd that it will finally stop mining coal today at Ffos-y-fran in Merthyr Tydfil, South Wales. But we’re not. Because the abject failure of Merthyr County Borough Council to stop…

Ditch the dirty dollars – invest in our future!

People hailing from Cumbria to London, and everywhere in between, descended on the Mines and Money Conference in London across two days (28th-29th Nov 2023). We demanded that investors stop pouring cash into the mining sector, and  instead invest in our collective future. Together with Fossil Free London and other groups, we greeted investors with…

5 Insurers Rule Out The West Cumbria Mine

The insurers that have ruled out underwriting the mine are AEGIS Managing Agency, Argenta Syndicate Management, Hannover Re and Talanx. These are the first financial institutions to rule out any involvement with the project, and the win represents a new phase in the campaign to stop the project from going ahead.

EACOP: Global Day of Action against Chinese involvement in the pipeline

Today’s global actions focused specifically on the state-owned China Export & Credit Insurance Corporation (Sinosure), the Export-Import Bank of China (China Exim), and the Industrial and Commercial Bank of China (ICBC). Sinosure is said to be in advanced talks with the Ugandan government about providing credit for the project.

Protesters occupy the offices of City Of London insurers demanding they rule out backing for climate-wrecking projects

On 18th October dozens of protesters staged a sit-in occupation of the plush City of London offices of ten Lloyd’s of  London insurers demanding they rule out insuring the proposed West Cumbria coal mine and East Africa Crude Oil Pipeline (EACOP). 

Protest the Mines & Money conference

Global mining companies are coming to London soon attempting to find investors in their ruinous projects at the Mines and Money Conference (28th to 30th November). Join our protests against it!

Ffos-y-fran: timeline of illegal coal mining

01 September 2022: Merthyr (South Wales) Ltd applies for a S.73 time extension to mine coal from Ffos-y-fran, and to accordingly delay and vary restoration works.
06 September 2022: Planning permission ends for coal mining at the Ffos-y-fran site, after 15 years and 3 months of operations.
12 September 2022: first reports to MTCBC have been made by local residents of coaling beyond the end of planning permission.

Coalition backing a coal mining ban in Wales

Over 30 Welsh NGOs and businesses have signed a letter to Welsh Minister Julie James and Deputy Minister Lee Waters, demanding they draw a line in the sand and announce ban on any further coal mines on Welsh soil. The letter was delivered on 11th October 2023.

Port Talbot steel transition

On 15th September 2023, The Guardian reported that Tata Steel accepted Government funding to avoid closing its steelworks in Port Talbot, South Wales, by decarbonising it instead – but at a loss of up to 3,000 jobs. The UK Government is providing £500 million, and Tata Steel is expected to provide another £725 million…

CONNECT WITH US

Share now:

1
0
Would love your thoughts, please comment.x
()
x