A global reinsurance company that was paid to cover work on the Adani Carmichael coal mine has ruled out any future financing of the controversial coal project
Bermuda-based Aspen Re was one of four companies paid to underwrite early construction works on the mine.Dan Peled
"Aspen also recently joined the United Nations Global Compact initiative, a voluntary leadership platform for the development, implementation and disclosure of responsible business practices and has taken a number of steps to reduce our carbon footprint as a business including offsetting our emissions for 2019."
"The project is just brand kryptonite for companies, it's why so many are backing out of it. It's so damaging for their reputation," Mr Hill said.
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