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The Latest Breaking News from AGL

Good morning, early birds. Leadership reshuffles are expected for both the Liberal Party and the Nationals today, and the NSW government says they did not green-light the reburial of Mungo Man and Mungo Lady. It’s the news you need to know, with Emma Elsworthy.

Crikey

Amid the rubble of election defeat, are claims of a dying net zero agenda credible?

Barnaby Joyce ponders ditching net zero, while Matt Canavan’s claim the climate goal is ‘a failed agenda’ globally dismissed as ‘laughably untrue’

The Guardian - AU

Muswellbrook is among the most polluted postcodes in Australia

AGL, Australia's largest climate polluter, says its proposed corporate demerger represents a critical step in its push to reduce emissions in the Hunter Valley.

Newcastle Herald

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Super-plan-for-home-buyers-is-thought-to-be-atrocious

Good morning, early birds. Prime Minister Scott Morrison has announced a plan to allow first home buyers to raid their superannuation up to 40% to buy a house, and a remote Indigenous community that has been drinking uranium-contaminated water will reportedly get a new treatment plant. It’s the news you…

Crikey

LETTERS: Billions of reasons to like what Mike's doing

Newcastle Herald readers have their say

Newcastle Herald

Tech mogul Mike Cannon-Brookes will shut down Hunter power stations if his bid gets up

Mike Cannon-Brookes, Atlassian and AGL

Newcastle Herald

Looking ahead as academics say coal 'transition' has become code for job losses

Transition from dirty job to dirty word

Newcastle Herald

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AGL demerger 'turd rolled in glitter'

An independent expert has found AGL Energy's demerger is in the best interests of shareholders, but critics say it's in breach of global climate targets.

AAP

AGL demerger ‘turd rolled in glitter’

An independent expert has found AGL Energy’s demerger is in the best interests of shareholders, but critics say it’s in breach of global climate targets.

Crikey

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

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

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news in one place.

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Crikey

Taylor’s obsession with failing, inflationary coal will help kill off AGL split

By taking an 11% stake in AGL, Mike Cannon-Brookes has effectively killed the AGL demerger. And Angus Taylor might have accidentally helped him.

ABC News

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.

AAP

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.

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news in one place.

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Newcastle Herald

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.

ABC News

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.

The Guardian - AU

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

Crikey

Coal-fired power outage burns AGL profit

A persistent fault at a power plant in Victoria is burning into AGL Energy’s revenue, sparking a profit warning but not stopping a planned demerger.

Newcastle Herald

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.

AAP

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.

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