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The Latest Breaking News from AGL

AGL reveals demerger would cost $260m as Mike Cannon-Brookes tries to block plan

Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

The Guardian - AU

Analysis-Rising power bills complicate Australia's election climate war

In Australia's election fight, politicians are tiptoeing around the climate wars that have marked the past decade and a half, even as an activist billionaire put the issue front and centre this week, buying a key stake in Australia's top power producer.

Reuters

A bit rich? Billionaires’ climate efforts draw scepticism, praise

Mega-rich figures such as Andrew Forrest spend billions on climate change solutions while adding to carbon emissions.

Al Jazeera

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Australia’s biggest industrial players are focusing on climate solutions – why isn’t the political debate?

Tomago Aluminium previously said shifting away from coal could lead to blackouts – now it’s publicly embracing renewables in the middle of an election campaign

The Guardian - AU

Mike Cannon-Brookes says large AGL shareholders back his bid to stop energy giant’s demerger

Australia’s largest power generator vows to go ahead with demerger after tech billionaire buys 11% stake in company

The Guardian - AU

Tech billionaire Mike Cannon-Brookes becomes AGL’s largest shareholder

Australian tech billionaire Mike Cannon-Brookes buys shares in coal-powered energy company AGL, vowing to create "a better future" that moves towards "decarbonisation".

ABC News

ASX loses ground as RBA makes first interest rate rise in 11 years to curb inflation; Aussie dollar surges

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

ABC News

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AGL board and billionaire at loggerheads

AGL Energy is in a stoush with its billionaire shareholder who rejects their plan to split and backs his own way to rapidly switch the power grid to renewables.

AAP

Cannon-Brookes becomes largest shareholder in AGL Energy

The AGL Energy board's push to demerge the company with the 75 per cent approval of shareholders is facing a fresh hurdle after a billionaire bought up shares.

Newcastle Herald

Sydney news: Man guilty of 1988 Scott Johnson murder to be sentenced

MORNING BRIEFING: The man who has admitted his guilt in the 1988 murder of Scott Johnson faces sentencing.

ABC News

Mike Cannon-Brookes is now AGL's largest single shareholder

AGL says it’s determined to go ahead with the merger despite the purchase, which has made Cannon-Brookes the company’s largest single shareholder

The Guardian - AU

AGL and NuRock tap into the potential of coal ash recycling

Coal ash is possibly the largest pollution legacy of coal-fired power production in the Hunter yet remarkably it receives relatively little attention in discussions about the region's transition to a clean energy economy.

Newcastle Herald

Bayswater coal ash recycling plan a 'game changer'

AGL Energy has signed an historic agreement with waste site remediation company NuRock to investigate the feasibility of converting millions of tonnes of coal ash at Bayswater power station into into construction bricks.

Newcastle Herald

Another outage at AGL's Loy Yang station

An electrical fault at AGL's Loy Yang A coal-fired power station has wiped a quarter of its generation capacity, potentially for months.

AAP

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Newcastle Herald

Federal government wants to change the rules to draw out the closure of coal fire power stations

AGL would be required to give an extra 18 months notice of its intention to close Bayswater Power Station under a rule change proposed by the federal government.

ABC News

Switching off: Inside Eraring power station as staff come to terms with its closure

Shock, denial, stress, anger. Workers are struggling to comprehend the early closure of Australia’s largest coal-fired power station and the plan for what comes next.

ABC News

After 50 years of burning coal to generate power, Liddell power station wind-down begins

AGL is closing the first of four units at its Liddell power station in the Hunter Valley today as it develops a low carbon energy hub on the site.

Newcastle Herald

Beginning of the end at Liddell Power Station

The first of Liddell power station's four 500 megawatt turbines will be shut down on Friday, marking a major milestone in the state's clean energy transition.

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ABC News

Russian share market reopens after month-long closure, ASX at two month high

The Russian stock market surges after being closed for a month, and the ASX climbs on higher iron ore prices and a rise on Wall Street.

The Conversation

Energy bills are spiking after the Russian invasion. We should have doubled-down on renewables years ago

Russia’s invasion of Ukraine is happening half a planet away from Australia.

ABC News

Grid-scale battery 'really exciting' option as AGL Liddell power station site winds down — analysts

Plaudits for NSW government's decision to approve a 500MW battery storing solar and wind power on the site of the ageing Liddell coal-fired power station.

ABC News

As more Australians buy electric vehicles, energy companies are finding ways to help the grid cope

As more Australians purchase electric vehicles, the energy industry is looking at how the grid will cope with an increased demand for electricity.

Benzinga

Agilon Health's Return On Capital Employed Overview

Benzinga Pro data, Agilon Health (NYSE:AGL) reported Q4 sales of $462.89 million. Earnings fell to a loss of $56.74 million, resulting in a 57.79% decrease from last quarter.

The Guardian - AU

AGL Energy chief executive uncertain if takeover bid is really over

Mike Cannon-Brookes tweeted on Sunday that Grok Ventures and Brookfield were ‘putting our pens down’

ABC News

Who is Mike Cannon-Brookes: The billionaire tech entrepeneur who tried to buy Australia's biggest energy provider AGL

The 42-year-old Atlassian co-founder has been making headlines trying to execute what he called the biggest decarbonisation project in the world.

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