The Australasian Centre for Corporate Responsibility (ACCA), a shareholder advocacy group, has filed a Shareholder Resolution to AGL Energy calling for the expedited closure of its Bayswater and Loy Yang A coal-fired power stations. ACCA says that AGL’s own modelling contradicts both its climate commitment and its fiduciary responsibility.
AGL, Australia’s largest carbon emitter, has updated its Climate Statement today, confirming its net zero emissions target by 2050 and announcing that all its products will now come with a carbon neutral option for customers to offset its emissions. AGL says the energy transition is a time to show its leadership but instead asks its customers to take the hit.
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