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Departed Stanwell CEO a victim of climate and culture war politics

Departed Stanwell CEO a victim of climate and culture war politics Richard Van Breda has been taken out just as the truth of the message about coal-fired power and renewable energy has been confirmed. Apr 28, 2021 – 6.05pm Share The full truth of the departure of Richard Van Breda as chief executive of the Queensland government-owned Stanwell Corporation is yet to emerge. But he appears to have fallen victim one way or another to another outbreak of climate and culture war politics. At a conference last week, Mr Van Breda raised the prospect of mothballing the Tarong North and Stanwell coal-fired power plants before the end of their technical lives, due to the influx of cheap renewables into the electricity grid that are driving down wholesale power prices.

Stanwell CEO Richard van Breda quits mysteriously

Mystery surrounds Stanwell CEO’s exit What is it about CEOs of coal-fired power companies? Two days after Brett Redman resigned from AGL Energy, the CEO of Queensland’s largest coal-fired power company also bailed. Apr 27, 2021 – 12.00am Save Share Brett Redman was not the only chief executive of a major coal-fired power generation company to resign last week and leave a sense of mystery and intrigue. The day after the AGL Energy board of directors revealed Redman was leaving immediately, the board of Queensland government-owned, coal-fired power generator Stanwell Corporation said it had “reluctantly” accepted the resignation of CEO Richard Van Breda.

Stanwell reveals move away from coal

Premium Content Subscriber only Stanwell Corporation has formally announced it will move from fossil fuels to renewables in what will be a game-changer for the power industry in the country. Touted as Australia’s third-largest greenhouse gas emitter and Queensland largest power generator, the news has been praised by conservation and environmental councils. The Queensland Government-owned corporation operates three coal plants including Tarong, Tarong North and Stanwell just west of Rockhampton. In a statement released ahead of the future energy summit in Gladstone on Wednesday, Stanwell CEO Richard Van Breda said the corporation must shift its focus towards new energy technologies.

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