Suncorp activist motion kills coal, oil and gas survives

INSURANCE company Suncorp will not insure new thermal coal mines and power stations following an activist shareholder resolution lodged today in the lead up to its annual general meeting to be held in September.

Suncorp activist motion kills coal, oil and gas survives Suncorp activist motion kills coal, oil and gas survives Suncorp activist motion kills coal, oil and gas survives Suncorp activist motion kills coal, oil and gas survives Suncorp activist motion kills coal, oil and gas survives

 

This morning Suncorp told the market that activist shareholder group Market Forces had submitted a resolution to stop financing and underwriting fossil fuels including coal, and oil and gas.