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Aspen Re reviews financial viability of Adani’s Carmichael project

Bermuda-based Aspen Insurance Holdings Ltd. is reviewing its corporate policy on climate change as Indian conglomerate Adani Group’s Carmichael project’s losses have grown to nearly $800 million due to effects from the coronavirus pandemic, Moneycontrol reports citing The Sydney Morning Herald. Significant impact on the valuations of the coal mine and rail project in the Australian state of Queensland could increase Carmichael’s dependence on parent firm Adani, Aspen Re said.

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