. Almost 70 major global companies have ruled out any involvement in the Adani mine, amid a retreat in the corporate world from heavy polluting thermal coal. German-based activism group Urgewald attacked tech giant Siemens in January after it signed a contract to provide signalling for the Adani rail line.
A spokesman for the company said prior to that announcement, Liberty had a policy for early works construction that expired in October 2019 and it was contractually obligated to cover construction defects for a further 24 months. An HDI spokesman said it did not cover the project directly but could not rule out having policies with contractors employed by Adani. "It is part of our fundamental business principles not to grant any new direct insurance cover to projects like the Adani Carmichael coalmine."A spokeswoman for XL Australia, a subsidiary of French insurance giant AXA, said it also had default cover related to an expired policy that would end in 2021.
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