Re: The Climate, Environment and Energy Thread
Reply #209 –
From the Guardian:
'Back in 2017, AGL was publicly heavied by the Turnbull government after it announced the early closure of its Liddell coal plant in New South Wales. The Coalition argued long and loud that the company should significantly delay the closure or sell it to another operator that would.
AGL’s then chief executive, Andy Vesey, persisted with his plan to replace Liddell with renewable energy and storage, but ended up leaving the company in August 2018. It was later revealed that Josh Frydenberg, then the environment and energy minister, had called AGL board members to suggest they get rid of him.'
Now it’s clear that Mike Cannon-Brookes has stopped AGL’s “de-merger” and will move the company away from coal-fired power generation. Cannon-Brookes says that will result in lower prices for consumers and I suspect that he knows what he’s talking about.
It’s probably not such an issue with a Labor government but it’s good to know that successful business folk can counter government inaction.