New Liberty Mutual Local weather Coverage: Coal Mines Owned by Liberty are Nonetheless OK

Visitor essay by Eric Worrall

Liberty Mutual as a part of its new local weather coverage has pulled their assist for the big Adani Carmichael coal mission, however has determined to take care of assist for a brand new metallurgical coal mine wholly owned by themselves, as a result of it “offers tons of of jobs”.

Liberty Mutual pulls assist for Adani over local weather change however pushes forward with its Baralaba South mine

ABC Capricornia / 
By Inga Stunzner

US insurance coverage large Liberty Mutual has withdrawn assist for the Adani Carmichael mine after introducing a local weather change coverage however is pushing forward with a greenfield coal mine in central Queensland.

The corporate wholly owns the Baralaba South mission, a proposed open-cut mine on a flood plain simply 500 metres from the Dawson River and 120 kilometres south-west of Rockhampton.

Liberty Mutual Insurance coverage spokesperson Glenn Greenberg stated the corporate recognised the danger of local weather change to the planet and was taking motion to cut back carbon emissions. 

“Coal mines are a really small a part of our total funding portfolio, and we’ve since made the strategic choice over a 12 months in the past to make no new extra direct investments within the business,” Mr Greenberg stated.

It’s persevering with with plans to develop it Baralaba South mission and submitted its environmental influence assertion in January and has been granted an extension till December to make amendments. 

The Baralaba metallurgical coal mine offers tons of of jobs in rural Queensland, and the environmental influence research for the South mine is predicted to be submitted to the Authorities by the tip of the 12 months,” Mr Greenberg stated.

Paul Stephenson’s household has farmed close to Baralaba for a number of generations, and he known as Liberty Mutual’s stance “utterly nuts”.

It’s just a little unusual for a corporation to return out and say it’s inappropriate to insure elements of the Adani Carmichael mine attributable to local weather change, but on the identical time suggest to construct a complete new, 100 per cent-owned coal mine in the identical area,” Mr Stephenson stated.

Learn extra: https://www.abc.web.au/information/2020-06-30/liberty-mutual-pulls-support-from-adani/12389164

I’m glad Liberty’s issues about rural jobs trumps their local weather beliefs, a minimum of after they personal the coal mine.

Maybe the plan is as house owners they’ll guarantee all that metallurgical coal from their new mine is used solely for inexperienced tasks, like smelting huge tonnages of metal reinforcing members for concrete wind turbine bases.

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