Australia's biggest carbon emitter on Thursday announced a plan to shut down all coal-fired generation by the end of fiscal year 2035, with annual greenhouse gas emissions to reduce from 40 million tonnes to net zero.
Incoming interim CEO Damien Nicks said the closures represent a major step forward in decarbonising Australia's economy. Mr Nicks said the "ambitious" strategy would provide clear long-term value for AGL and its shareholders.READ MORE
customer, shareholder, and government pressure. very nice, live in the dark or pay more to keep our beer =cold, Transition sensibly, its going to take some time
wblau
This is criminal and corrupt! WEF agenda! Destroy current economies... for the great reset! People globally need to stand up against this BS!
Stupidity on steroids !!!
I would feel more comfortable if they said they were shutting down bcz Australia’s renewables will be ready to our needs (hint: we won’t) rather than because of pressure.
Australia is screwed. Unreliable energy managed by incompetent corrupt governments.
You forgot to mention that Brookes is one of Australias largest investors in solar farms. By forcing the closure of the plant he stands take make a fortune.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Queensland government pledges to end reliance on coal-fired power by 2035Annastacia Palaszczuk says state is facing a ‘climate emergency’ while unveiling $62bn energy plan So they'll StopAdani? 2035 ... bit bloody late. Had years & they're just acknowledging it. I learnt abt Climate change in high school geography in the late 70s. Where will Baseload power come from in Qld?
Source: GuardianAus - 🏆 1. / 98 Read more »
Qld announces plans to phase out coal-fired power by 2035The Queensland government has announced its bold new energy plan to phase out coal-fired power by 2035. Premier Annastacia Palaszczuk revealed the world's largest pumped hydro plant will be built in the Pioneer Valley, west of Mackay, to aid the transition. As part of Queensland's plan to reach 80 per cent renewable energy by 2035, Ms Palaszczuk stated the state's coal-fired generators will be repurposed into green energy suppliers. The initiative is expected to create an estimated 100,000 jobs over the course of the scheme. Wilful attack on the poor…. “Let the poor starve to death in the dark” Fine line between bold & reckless ALP are done in Qld.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
AGL will close Victoria’s coal-fired power station Loy Yang A a decade earlyEnergy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged Hope they have backups to the backups 😃 Ridiculous. Must be an election year. Remember you will be happy. WEF
Source: GuardianAus - 🏆 1. / 98 Read more »
AGL expected to close Loy Yang power station a decade earlyThe likely early closure of two major coal-fired power plants in Victoria and NSW signals the rapidly decreasing economic viability of Australia’s ageing and polluting coal fleet. perkinsmiki micksfoley 🤬🤬🤬🤬 perkinsmiki micksfoley Who needs cheap reliable power anyway. perkinsmiki micksfoley Climate deniers gonna be mad about this.
Source: theage - 🏆 8. / 77 Read more »
AGL expected to close Loy Yang power station a decade earlyThe likely early closure of two major coal-fired power plants in Victoria and NSW signals the rapidly decreasing economic viability of Australia’s ageing and polluting coal fleet. Good then people might wake up to reality of RE... You have been lied to? creating a non market was the free market at work
Source: smh - 🏆 6. / 80 Read more »
Mike Cannon-Brookes to back new AGL board members in bid to clean up climate polluterTech billionaire will support four independent non-executive directors to transform the company
Source: GuardianAus - 🏆 1. / 98 Read more »