AGL calls end to coal power by 2030 ‘impossible’
AGL has held meetings with its largest shareholders, including Mike Cannon-Brookes, and says it will be an ‘engineering impossibility’ to close its coal power plants by 2030.
AGL has held meetings with its largest shareholders, including Mike Cannon-Brookes, and says it will be an ‘engineering impossibility’ to close its coal power plants by 2030.
The country’s largest electricity generator says the big jump this year in coal and gas costs would inevitably flow through to consumers’ bills.
AGL Energy boss Graeme Hunt says its largest investor, Mike Cannon-Brookes, may be plotting a third takeover attempt for the power giant.
AGL’s demerger plan fails to meet climate goals expected by its shareholders, Mike Cannon-Brookes said.
Mike Cannon-Brookes’ Grok Ventures is expected to tell institutional shareholders their dividends will be hit by a demerger.
A five-week countdown has started on the high stakes demerger vote, as AGL’s chair says he has no plans to prioritise discussion with its biggest shareholder.
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AGL Energy chief executive Graeme Hunt has accused Mike Cannon-Brookes of making false claims about the company’s demerger plans.
Intervention should come with a warning: you break it, you own it.
Tomago Aluminium said it was open to replacing all of AGL’s coal generation with firmed or backed-up renewable supply by 2029 or earlier.
Mike Cannon-Brookes says he will run a no-holds barred campaign to block AGL’s demerger but the power giant says the billionaire has no plan beyond sabotaging the move.
Deputy Prime Minister Barnaby Joyce has revealed he received an unexpected text from a high-profile person – and he has a gripe about it.
AGL Energy has unveiled a giant renewables investment from Global Infrastructure Partners and attacked billionaire Mike Cannon-Brookes’ plot to block its demerger plan.
Atlassian co-founder Mike Cannon-Brookes has made a huge play that could alter Australia’s energy landscape.
Mike Cannon-Brookes, one of the country’s richest businessmen, has dramatically intervened to stop an attempt by AGL Energy to hive off its coal-fired power stations.
Mike Cannon-Brookes has narrowed his focus in the battle for AGL, taking a calculated move to buy him enough time to bring about an early exit from coal.
Mike Cannon-Brookes may have been making solo efforts to amass up to 11.5 per cent of AGL Energy, but some aren’t convinced his former co-bidder, Brookfield, is out of the action.
The Australian tech billionaire is looking to secure a stake of up to 11.5 per cent in AGL Energy.
A major outage at Australia’s largest power supplier has forced the company to slash millions of dollars from its outlook.
Victoria’s largest power station, Loy Yang A, which provides 30 per cent of Victoria’s power needs, has been without a quarter of its capacity.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/12