Brokers Marsh and Aon are being pressured to stop acting as advisers to a $2.6bn coal-fired power station in Vietnam by environmental organisations Unfriend Coal and Market Forces. “Given the issues with Van Phong 1, we urge you to advise your client not to proceed with this project and withdraw your own involvement,” the organizations said in the letters. The two firms have been accused of helping the state-owned company build its controversial coal plant at Dong Ha – which is expected to be completed next year – despite concerns about climate change. They also asked the brokers to stop working with any other coal power projects. Zurich Insurance has already agreed not to write some coal and oil sands risks while Chubb has phased out coal investment and insurance completely.
Brokers Marsh and Aon are being pressured to stop acting as advisers to a $2.6bn coal-fired power station in Vietnam by environmental organisations Unfriend Coal and Market Forces. The two firms have been accused of helping the state-owned company build its controversial coal plant at Dong Ha – which is expected to be completed next year – despite concerns about climate change. They also asked the brokers to stop working with any other coal power projects. Zurich Insurance has already agreed not to write some coal and oil sands risks while Chubb has phased out coal investment and insurance completely.