AGL has announced strategy... and it involves shutting down its largest coal-powered plant.
👉 Background: AGL is the 185 year old gas and electricity company that happens to be Australia’s largest polluter.
👉 What happened: AGL has been in a bit of a mud fight lately.
👉 What else: Now, AGL has announced a new strategy that includes shutting down its largest coal-fired power station by 2035 (instead of 2045) and investing $20 billion into the energy transition.
💡Strategy is important… but execution is everything! While the strategy will help align AGL’s shareholders, staff and customers, the big question is whether it can execute?
💡There is a race for companies to acquire renewable resources. AGL will need to acquire batteries, wind turbines and actual real-life humans to build the renewables.
💡But they’ll be competing with a whole host of others who have also realised the need for renewables.. at the same time:
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