Ding, dong, AGL's demerger is dead

Big news out of AGL this morning, with numerous outlets reporting that Australia’s biggest climate polluter is set to scrap its controversial demerger, after huge investor and environmental pressure.

The renewable energy vision of the new government has inspired the big banks, while a new report has found that Australia’s top ten emitters will suffer huge losses unless they join the energy transition.

And Woolworths, which has committed to be 100% renewable powered by 2025, has just racked up its 150th solar installation.

AGL appears set to dump demerger plan, yielding to Mike Cannon-Brookes
Board to meet on Monday, with future of chief executive also up in the air if demerger is called off.

State of the environment report must be released immediately: Greens
The new Labor government is facing pressure to immediately release a major environment report which the Coalition was accused of hiding from voters before the federal election.

New climate policy provides ‘huge opportunities’ for banks
Australian banks are confident the Albanese government’s climate policies will help unlock more capital to finance the energy transition.

$480bn of ASX300 at risk if not net-zero transitioned
A carbon fintech and financial infrastructure firm found the top ten emitters accounted for more than half of this potential capital loss at $272bn.

Woolworths Racks Up 150th Supermarket Solar Installation
Supermarket giant Woolworths is continuing its solar panel rollout as it transitions to 100 per cent renewable energy.