CM – Bow excludes Adani Carmichael Coal Mine – Bernews

Arch Capital Group will not take out insurance policies for the controversial Adani Carmichael coal mine in Australia.

A spokesman said, « Arch Capital Group Ltd. confirms on behalf of its underwriting businesses that it does not have insurance policies for the Adani Carmichael coal mine has completed and will not exist. « 

The website of the » Stop Adani « campaign states: » If Adani’s Carmichael mine is built, it will destroy the ancestral lands, waters and cultures of the indigenous people without their consent.  » Bringing 500 More Coal Ships Through Great Barrier Reef World Heritage Area Each Year Add 4.6 Billion Tons Of Carbon To Our Atmosphere For 60 Years ”And More.