Marsh mulls involvement in Adani coal mine under pressure from lobbyists

Global insurance broker Marsh appears to have become the latest company from the risk-transfer industry to be forced to review its links with Adani Group’s controversial Carmichael coal project in Australia.

The broker is believed to have held a top-level meeting in New York this week to discuss its support for the mine, according to a campaign group ‘Stop Adani’, which is lobbying to stop the mine.

The broker had not responded to requests to comment on the situation by the time of publication.

The broker, along with many insurers and reinsurers, has come under growing pressure to sever links with the mine as well as other coal-related projects under pressure from the wider Unfriend Coal movement.

Re/insurers including Suncorp, QBE, Canopius and AXA have already ruled out underwriting the Carmichael project.

The ‘Stop Adani’ campaign claims the mine would produce 4.6 billion tonnes of CO2, more than eight times Australia’s annual emissions.