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Australia’s biggest corporate greenwashers revealed: new report
The majority of net zero commitments made by major Australian companies have been described as ‘corporate greenwash’, with new analysis from Greenpeace Australia Pacific finding that most of the highest-emitting companies in the ASX200 that have set net-zero targets either have no firm plans to end their use of coal to meet their target, or…
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AGL delisted from ASX 50 as clean energy transition leaves Australia’s biggest coal burner behind
SYDNEY, Sept 4 2021 – After multi-billion dollar losses and a share price collapse, Australia’s biggest climate polluter, AGL, will be delisted from the ASX-50.The Australian Stock Exchange made the announcement yesterday after markets had closed, in response to a September quarterly review that found the value of AGL had continued to sink as the…
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No coal needed for Australia’s grid: AEMO
SYDNEY, Aug 31 2021 – Australia’s national electricity grid operator (AEMO) says that renewable energy backed by storage can provide a stable electricity supply over the next five years as ageing, unreliable coal-burning power stations close, putting AGL and other coal-burning behemoths on notice, says AGL board candidate Ashjayeen Sharif.AEMO’s Electricity Statement of Opportunities, published…
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Sunny AEMO renewable forecast provides clean energy confidence for Australian businesses
SYDNEY, 31 Aug 2021: The positive outlook for renewable energy Australian Energy Market Operator (AEMO) released today provides confidence for businesses looking to switch to 100% renewable electricity, according to Greenpeace Australia Pacific.AEMO’s Electricity Statement of Opportunities has forecast the unstoppable growth of renewables in Australia’s electricity market, reporting that renewable energy could supply 100%…
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‘ESB coal handouts’ show Morrison Government prioritises coal over people
SYDNEY, Aug 26 2021 – A Federal Government plan to use public funds to pay coal power stations to keep operating regardless of whether they produce electricity shows that the Morrison Government’s priority for support is coal companies, rather than people, says Greenpeace Australia Pacific.After an intense lobbying campaign from the owners of coal burning…
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Student striker in the running to lead Australia’s biggest climate polluter, AGL
SYDNEY, August 16, 2021: An eighteen year old student striker has bought shares in energy giant AGL and nominated himself as a director, saying that he wants to transform AGL from Australia’s biggest climate polluter to a renewable energy powerhouse.Ashjayeen Sharif, a first year university student from Melbourne, is in the running for a directors…
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AGL’s Titanic coal failure sees it lose more than $2 billion
SYDNEY, Aug 12 2021 – AGL, Australia’s biggest energy company has posted a $2.06 billion full-year loss, which Greenpeace Australia Pacific describes as a “Titanic failure” on the part of the company to navigate the changing energy market.AGL’s reported underlying net profit dropped 33.5 per cent to $537 million. The reams of red ink on…