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The Latest Breaking News from AGL

After Mike Cannon-Brookes’ shake-up, AGL now faces the challenge of pivoting away from power stations

Boardrooms around Australia will be noting what shareholders can do if you don’t take climate change issues seriously

The Guardian - AU

Afternoon Update: Australia’s China reset, new Covid vaccine, New Zealand’s suitcase murders

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The Guardian - AU

Cannon-Brookes shakes up AGL: what now for Australia's biggest carbon emitter

“What is a grok?” asked a shareholder at AGL’s 2022 annual general meeting at the Melbourne Recital Centre on November 15, as those assembled struggled with the reality being forced on Australia’s biggest carbon emitter by Australia’s third-richest person.

The Conversation

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AGL shareholders overrule board to elect directors nominated by Mike Cannon-Brookes

Billionaire Mike Cannon-Brookes scores a resounding victory at AGL's annual general meeting, with all four of his independent director candidates appointed to the energy giant's board.

ABC News

Mike Cannon-Brookes succeeds in shaking up AGL board

All four of the billionaire Atlassian co-founder’s proposed new directors secured seats on the board of Australia’s largest carbon emitter

The Guardian - AU

Billionaire secures AGL board overhaul

Four candidates nominated by billionaire Mike Cannon-Brookes' private company, Grok Ventures, have been elected to AGL Energy's board of directors.

AAP

AGL shareholders will speak this week – and Australia’s energy market will be listening

On show at the company’s AGM may be the final big demonstration of shareholder activism in the nations’s electricity generation space

The Guardian - AU

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Origin Energy to be split in half and invest in renewables under new $18.4bn takeover bid

The energy giant would be divided into electricity generation and gas firms in order to hit Australia’s climate targets

The Guardian - AU

Almost a third of Australia’s large companies pay no income tax

Tax Office finds more than half major mining, energy and water companies paid nothing in 2020-21, a three-year high

The Guardian - AU

Billionaire fires next salvo in AGL stoush

Billionaire Mike Cannon-Brookes is rallying shareholders for a larger board at AGL Energy to speed up the leading electricity firm's exit from coal-fired power.

AAP

Renewable revolution in the coalfields

One of the world's largest integrated energy projects is taking shape on the site of Liddell and Bayswater power stations.

Newcastle Herald

AGL to campaign on 'crucial' board vote

AGL Energy has vowed to fight billionaire shareholder Mike Cannon-Brookes' plan to revamp the board of directors ahead of a 'crucial vote' next month.

AAP

The end of coal-fired power is in sight, even with private interests holding out

If future historians pick a point in time when Australia comprehensively turned its back on coal-fired generation, they may well point to AGL’s decision to bring forward the closure of Loy Yang A, the cheapest (excluding emission costs) power generator in the energy market spanning eastern Australia.

The Conversation

AGL dismisses billionaire's board overhaul

AGL Energy is preparing for another showdown with billionaire shareholder Mike Cannon-Brookes after largely rejecting his plan for a board renewal.

AAP

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ABC News

Loy Yang A power station's early closure prompts Latrobe Valley locals to ponder their future

The identity of Victoria's Latrobe Valley is firmly rooted in its history as a centre of coal-fired power, but plans to shut the Loy Yang A power station early have locals questioning where to from here.

ABC News

Australia's great energy transition reaches a 'tipping point' as clock winds forward for coal

Everywhere you looked over the past few days it seemed the super-charged transition from coal-fired power to renewable energy was on display. So what's next?

The Conversation

So long, Loy Yang: shutting Australia’s dirtiest coal plant a decade early won’t jeopardise our electricity supply

AGL Energy – Australia’s largest emitter of greenhouse gases – announced this week it will shut the Loy Yang A power station in Victoria’s LaTrobe Valley in 2035, a decade earlier than planned.

ABC News

Victoria's Loy Yang A power station will close as early as 2035. What does that mean for energy generation in the state?

Victoria's largest power station will close a decade earlier than expected. With fossil fuels currently generating about two thirds of the state's power, what does this mean for the future?

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The New Daily

Loy Yang A’s premature closure puts pressure on renewable energy to replace fossil fuels

AGL is speeding up the closure of one of Australia’s biggest carbon polluting power plants, but a solid replacement is yet to take shape.

The Guardian - AU

Amid rush to exit coal, AGL’s challenges are only just beginning

Energy retailer says it will need to find $20bn to meet its raised goal of adding 12 gigawatts of new wind and solar plants and storage by 2036

AAP

AGL catches up to peers with climate plan

Under AGL Energy's first climate transition plan, closing one coal-fired power station a decade early will avoid 200 million tonnes of greenhouse gases.

AAP

Cheaper renewables drive coal closures

Environment Minister Tanya Plibersek says the falling cost of renewable energy was one of the factors behind AGL's early closure of coal-fired power.

Newcastle Herald

AGL Energy to accelerate exit from coal

Australia's largest electricity generator AGL Energy - operator of the Liddell and Bayswater power stations in the Hunter Valley - will go "net zero" after abandoning plans to split into two companies.

ABC News

AGL announces it will close Loy Yang A power station in Victoria's Latrobe Valley up to 10 years sooner than planned

Energy giant AGL says the Loy Yang A power station in Victoria's Latrobe Valley will now close as early as 2035 after it was initially slated to close a decade later. Experts say shareholders are driving the company towards renewable energy.

The Guardian - AU

AGL will close Victoria’s coal-fired power station Loy Yang A a decade early

Energy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged

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