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Climate Change Concerns Make Funding Australia's Fossil Fuel Industry Projects Difficult

May 15, 2021 03:15 AM EDT
Major global investors and insurers are finding it difficult for fossil fuel companies and their contractors in Australia to insure and finance major ventures due to efforts by major global investors and insurers to reduce their exposure to risks from the climate crisis.
(Photo : lum-box on PIxabay)
According to a contractor, a worldwide bid for cover for the infamous Queensland Adani coalmine failed, with more than 40 underwriters refusing to back it.
Submissions to a legislative inquiry pushed by pro-coal backbenchers and supported by Morrison government ministers show the main impacts on the fossil fuel industry.
Australia s Lack of Strategy ....

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