Amid rush to exit coal, AGL’s challenges are only just beginning

Energy giant says it will need to find $20bn to meets its goal of adding 12 gigawatts of new wind and solar plants and storage by 2036

Patricia McKenzie, AGL Energy’s new chair, breezily declared on Thursday “we’re in a very changed world now”, and she wasn’t wrong.

Her 185-year-old company had just announced what might be its last chance at a strategy that services its 4.2m gas and power customers while addressing mounting pressure from shareholders that AGL has a plausible date to exit coal.

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(SOURCE) https://www.theguardian.com/business/2022/sep/29/amid-rush-to-exit-coal-agls-challenges-are-only-just-beginning

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