Australian insurer Suncorp to ditch coverage for oil and gas projects

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Setting sun: Australian insurer Suncorp has committed to phasing out backing for oil and gas projects
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Setting sun: Australian insurer Suncorp has committed to phasing out backing for oil and gas projects

Landmark pledge makes Suncorp the first major insurer to adopt any policy restricting underwriting for oil and gas

Australian insurer Suncorp will no longer underwrite any new oil and gas exploration projects with immediate effect, in addition to phasing out all underwriting and financing for such projects altogether...

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