Business
Government’s push for a gas-fired recovery crumble as Suncorp cuts ties to industry – The New Daily
The Commonwealth government’s dash towards a gas fired economic recovery received another blow today when Suncorp pulled of the gas insurance market.
The federal government’s dash towards a gas-fired economic recovery received another blow when Queensland insurance and banking giant Suncorp pulled out of the gas insurance market.
Suncorp announced its exit from the market in its annual report on Friday which also revealed a 26.8 per cent drop in profit down to $871 million.
The company cut its dividend by 49.5 per cent (down to 36 cents) in response.
“In 2020 we strengthened our fossil fuel… guidelines to cease underwriting or directly in…
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