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AGL going ‘as fast as we can’ on emissions reduction: CEO

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer

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AGL Energy chief executive Damien Nicks has sought to water down any tensions with the giant electricity supplier’s largest shareholder over the pace of coal plant closures said the company is “going as fast as we can” and has committed to reviewing its decarbonisation plan every three years.

Mike Cannon-Brookes’ Grok Ventures, which owns just over 10 per cent of AGL, in June said it was continuing to “implore AGL to increase its decarbonisation ambitions” in particular around the closures dates for its giant Bayswater and Loy Yang A coal power plants.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5dva1