Take action: Call on Lloyd's insurer W.R. Berkley to rule out Adani
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Rule out work on the Adani project
I am concerned that W.R. Berkley at Lloyd's could be involved in a deal to provide insurance or reinsurance services to the Adani Carmichael thermal coal project in the currently unmined Galilee Basin in Queensland, Australia. I am writing to urge you to publicly rule out any insurance or reinsurance services for the Carmichael coal project, including the mine, railway line, other associated infrastructure and project contractors. Adani's proposed Carmichael coal mine is the most environmentally and socially contentious project in Australia's history, the object of years-long international controversy and resistance. It would have dire consequences for the climate, with emissions from the coal burned over its lifetime equivalent to eight years of Australia’s annual greenhouse gas emissions. The fact that it would act as a gateway project, opening up an entirely new and untouched coal basin containing billions of tonnes of coal makes its potential climate impact even greater. This disastrous project would increase shipping and industrial activity in the already stressed Great Barrier Reef World Heritage Area. And the traditional owners of the land on which the mine would be dug, the Wangan and Jagalingou, have not given their consent and continue to oppose the project. Any company associated with this climate-wrecking project faces massive reputational risks due to the immense public opposition to Adani's Carmichael project. These are risks that are not worth taking. Seventy-two companies, including 17 of the world’s biggest insurers, have publicly declared that they will not support the project. I call on W.R. Berkley to join them and rule out allowing any insurance services for all aspects of the Carmichael coal mine and rail project proposed by the Adani company. I look forward to your prompt reply.
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