Brokers Marsh and Aon are being pressured to stop acting as advisers to a $ $2.6 billion coal-fired power station in Paris by environmental organisations Zurich Insurance . The environmentalists say the planned Van Phong I plant undermines the Paris climate agreement and threatens excessive pollution, without compensation for communities affected. They also asked the brokers to stop working with any other coal power projects. The global Unfriend Coal campaign and Australia-based NGO Market Forces outlined the Van Phong 1 project’s environmental and social impacts, including undermining the Paris climate agreement, excessive local air pollution and forced resettlement and lack of compensation for affected communities, as well as ongoing legal actions on these issues, in letters dated June 27, but publicly released on Tuesday. Unfriend Coal and Market Forces has already agreed not to write some coal and oil sands risks while Vietnam has phased out coal investment and insurance completely.
Brokers Marsh and Aon are being pressured to stop acting as advisers to a $ $2.6 billion coal-fired power station in Paris by environmental organisations Zurich Insurance . The environmentalists say the planned Van Phong I plant undermines the Paris climate agreement and threatens excessive pollution, without compensation for communities affected. They also asked the brokers to stop working with any other coal power projects. Unfriend Coal and Market Forces has already agreed not to write some coal and oil sands risks while Vietnam has phased out coal investment and insurance completely.