AGL's share price fell almost 2 per cent on Monday after the company announced the demerger was off the table.
"We've said that we clearly want a Paris-aligned plan, we believe that's the best outcome as a shareholder," he said. Mr Cannon-Brookes said when those assets cease to be profitable for the company, "significantly faster than those 2035 and 2045 dates, they start losing significant amounts of money". "And it needs to make sure that we are continuing to provide the lowest-price power to the customers of the company.A group of health professionals protested outside AGL's Melbourne office calling for the company to close its coal plants.
He said energy costs were currently high because the price of coal and gas was at all-time highs and that the old coal-generated power plants were "very unreliable"."If we want to bring prices down, yes, I think that transition [to renewable sources] is, is the fastest way to do it." "The shareholders want a Paris-aligned plan — and they don't want it because they're bleeding-heart greenies. They want it because a Paris-aligned plan is [the] most economic thing for the company.
Source: News Formal (newsformal.com)
Unlikely! “Dr Finkel said the ambition to reach Net Zero was the biggest transformation of our energy systems since our ancestors tamed fire.” It’s going to be a long haul, with no quick fixes. auspol
lose the cap and get a haircut bra
Get over it. Pay the bills and be done with it
Mike, now immediately close all AGL coal assets, otherwise you are not keeping your bargain. You used your might to stop the demerger, now turn the power station off.
Man with biggest house in Australia wants poor people to pay higher electricity bills
This headline is a joke right?
Mike Cannon-Brooks. Like his intentions👍
No this man will be reckless with people’s lives and livelihoods all in the name of climate ideology and profits.
Renewables and cheaper electricity bills are not compatible to be used in the same sentence.
NassimKhadem Kath_Robinson10 Mike mcannonbrookes should tell us what projects he has in mind
Are there any examples of any countries that don’t have nuclear where renewables are king and power prices haven’t soared? As far as I can tell, reliance on renewables = reliance on fossil fuels for baseload.
NassimKhadem Kath_Robinson10 To lower cost of power will be tough. Demand needs to come down. And no more new energy hungry projects. Look at the AEMO dashboard Attached graph from this afternoon with price spikes like 1 year ago
With government subsidies on renewable? Someone has to pay mofo
MCB should spend less time virtue signalling and more time making Atlassian profitable. Is it really in the shareholders best interests to let a tech dictator with a history of running a non profitable company hold them ransom?
Of course he does.
One man doing more than the entirety of both the Liberal and National parties…, combined! Not too shabby…, and yet Dutton the Dud reckons he’s going to fix everything…, HE & HIS BROKE FFS! 🤦🏼♂️ But yeah…, vote LNP… 🙏 auspol
Soo CSIRO says $1t,he's saying $10b. Govt is providing $1b. A) I'd say the CSIRO is right, which is fine that's economy growing infrastructure. B) how the fuck do our prices go down.. There's $8-999999b that companies I garuntee will pass on to the consumer.
Pay some tax in Australia then ya grub
Go you good thing mcannonbrookes
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