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The New Daily

Matthew Elmas

‘Bloodbath’: Scrapped AGL demerger clears way for faster coal closures

AGL Mike CannonBrookes Coal Graeme Hunt Australia Grok Ventures Labor

10 News First – Disclaimer

Australia’s largest energy retailer AGL is expected to shut its coal-fired power stations sooner than planned after the $5.8 billion company was forced to abandon a controversial demerger.

AGL’s board wanted to split the 185-year-old business so that its consumer-facing arm could achieve net-zero emissions without being weighed down by its fleet of heavy-emitting coal-fired power stations.

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Flydubai attack investigation widens as alleged hijacker’s training in New Zealand scrutinised

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