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The Latest Breaking News from AGL

Energy retailer tells more than 70,000 customers to go elsewhere or face doubling of prices

ReAmped Energy chief executive says he would rather people were ‘getting better deals’ amid soaring wholesale prices

The Guardian - AU

The Loop: Labor to form majority government, WHO speaks on monkeypox, and Mona Lisa vandalised

Get up to speed on today's headlines with The Loop.

ABC News

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

Australia’s largest energy retailer AGL sparked a “bloodbath” on Monday after plans to demerge the company to tackle climate change were suddenly scrapped.

The New Daily

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AGL's biggest shareholder, Mike Cannon-Brookes, leaves open possibility of another takeover bid

AGL's biggest shareholder, billionaire businessman Mike Cannon-Brookes, is not ruling out another takeover bid for the energy giant but says he is focused on rebuilding the company for renewable generation.

ABC News

AGL’s coal implosion shows what a disorderly transition to clean energy looks like

What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

The Guardian - AU

Australia's biggest carbon emitter buckles before Mike Cannon-Brookes – so what now for AGL's other shareholders?

Billionaire Mike Cannon-Brookes has won a major battle against Australia’s biggest energy company, AGL Energy, thwarting its plan to split up the company’s coal-heavy generation and power distribution assets.

The Conversation

The Loop: Coalition decides new leaders, car stolen with baby inside, AGL abandons demerger plans

Get up to speed on today's headlines with The Loop.

ABC News

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What AGL's corporate shake-up means for Hunter power stations

AGL employees and their communities must be among the top priorities in any restructure or revised time frame for the closure of coal-fired generators, Hunter business and employment advocates argue.

Newcastle Herald

AGL drops plans to split company in two after strong opposition from Mike Cannon-Brookes

AGL Energy is abandoning plans to split into two separate entities after opposition from billionaire Mike Cannon-Brookes.

Newcastle Herald

AGL cans split plan, leadership to quit

AGL's leadership team will quit after billionaire Mike Cannon-Brookes succeeded in foiling the energy giant's planned demerger.

AAP

AGL dumps demerger plan, yielding to Mike Cannon-Brookes

Company’s chairman and chief executive to resign, along with two other board members

The Guardian - AU

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

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

Newcastle Herald readers have their say

Newcastle Herald

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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

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.

The Guardian - AU

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

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Reuters

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.

Al Jazeera

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.

The Guardian - AU

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

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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