New directors will press AGL on shift to clean energy

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The four Grok-nominated directors elected to the AGL Energy board on Tuesday have called for the company to be ambitious in reducing its carbon emissions.

The new directors of AGL Energy nominated by software billionaire Mike Cannon-Brookes’ Grok Ventures have vowed to press the company to cut emissions as fast as possible and meet the demands of its customers to move rapidly to renewable energy as coal-fired power stations shut down over the next decade.

“The value of AGL is in its retail base, in gas and electricity business with electricity corporate customers, like Tomago. All of these customers want to move to renewable energy.” “The culture in the company needs to improve. Morale has not been good as AGL has been losing staff,” she said.. It is currently in due diligence.Christine Holman, who received 82.16 per cent shareholder backing, said she would push her fellow directors to take a “can do” approach to limiting global warming to 1.5 degrees, but urged the directors to be mindful of “unintended consequences”.

Customer offers to “allow them to contribute and benefit from their renewable assets and smart technology” should be key while AGL exploits its prime position to secure the market share for the rapid growth of solar and wind and storage capacity as coal-fired power stations transition to green industrial hubs.

 

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Kerry good the rest lightweights. Good luck AGL shareholders

There is an “n” missing in “Grok”. You’re welcome

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Cannon-Brookes scores big win with renewable-friendly directors on AGL boardBillionaire Mike Cannon-Brookes scores a resounding victory at AGL's annual general meeting, with all four of his independent director candidates appointed to the energy giant's board. RIP Australian Energy security. Poor bloke. Can’t afford a trip to the barbers. AGL shareholders lost out. They did not like this decision.
Source: abcnews - 🏆 5. / 83 Read more »