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Adani mine contractor left asking government for finance after insurers flee due to climate risk – ABC News
The federal government is asked to step in and provide finance to companies building Adani’s Carmichael mine and rail link, after one of Adani’s biggest contractors…
The federal government has been asked to step in and provide finance to companies building Adani’s Carmichael mine and rail link, after one of Adani’s biggest contractors revealed it was unable to insure its work on the project, leaving it in breach of its contract.
Key points:
- Many big insurers have dropped support for coal on the basis that it is too risky for the companies
- Contractor BMD says its failure to secure insurance leaves it in breach of its contract with Adani
- The company has suggested…
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