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Why coal mining businesses need to speak up on insurance

Dawson MP George Christensen has launched an inquiry into what he calls the hypocrisy of the big banks and insurance services. He is calling for businesses in the resources sector who have fallen victim to ethical decisions from banks and insurance companies pulling back from the coal sector to come forward and tell their stories. What we re hearing out of the sector is that insurers are saying if you ve got so much of your business in thermal coal mining, we don t want to insure you anymore, he said Why? These are lawful, law-abiding businesses and they are having these services withdrawn from them, pretty arbitrarily, simply because these financial service providers - banks and insurers - somehow think there s an ethical issue involved.

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