Adani coalmine: Axis Capital withdraws bid to insure Carmichael rail line
by Ben Smee from Environment | The Guardian on (#4RPTV)
Investor action group says the insurer joins 57 other companies refusing to support the Queensland coal project
Another major insurer, Axis Capital, has shunned the Adani Carmichael coal project and withdrawn a bid to underwrite the construction of the mine's rail line.
The withdrawal, first reported by Reuters, follows announcements from 15 of the world's leading insurers which say they either won't support the Carmichael mine, or won't insure thermal coal projects.
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