Investor revolt rocks AGL as climate demands intensify watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.
AGL board faces AGM test as shares sink to a 20-year low afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Australia has long defended its dependence on coal. The fossil fuel provides up to 70% of its power needs and is the country’s second-biggest export. So it’s progress when an establishment figure calls for a concerted effort to wean Down Under off the carbon-spewing black stuff. Trouble is, it’s coming from Graeme Hunt, chief executive of beleaguered, coal-dependent AGL Energy (AGL.AX), whose words could easily be read as a veiled pitch for a taxpayer bailout.