Extensive ‘advice’ from AGL, Energy Australia and Origin on the Renewable Energy Target has been a disaster – except for the companies’ profits
Industry minister Ian Macfarlane would not have believed his luck when the clean energy council (CEC) buckled to a 20% reduction in the renewable energy target (RET), diminishing the target from 41,000 gigawatt hours of energy to 33,500GWh.
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We think there are early warning signs of negative connotations around Gloucester (CSG) impacting AGL in some retail customer segments. If these negative associations become more mainstream, walking away from/disposing of Gloucester may become the right option to protect the larger retail brand and earnings.
Related: The argument for divesting from fossil fuels is becoming an overwhelming one | Alan Rusbridger