Connect with us

Business

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…

Published

on

Article feature image

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…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
The world’s tallest single-rail rollercoaster opens in the US – 9News
Article feature image
ASX eyes gains after Wall Street touches records, as markets await Federal Reserve meeting – ABC News