Page 15 - Peter Botten News Today

AGL has been squeezed by the pincer of big emissions and plunging profit - enough to upset any shareholder, including young student Ashjayeen Sharif.

AGL, the nation’s heaviest greenhouse gas emitter, has been rocked by an unprecedented investor revolt over climate change.

A commission set up in Papua New Guinea to investigate a disastrous $1.3 billion may seek the help of other nations in compelling key individuals to give evidence.

Graeme Hunt says a national framework is needed for the phase-out of coal power even though coal generators will be needed for “many years to come”.

AGL (ASX:AGL) share price checks in at new 52-week low It’s a case of déjà vu as AGL mints a fresh 52-week low… Mitchell Lawler is a site writer at The Motley Fool Australia. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. You can view Mitchells holdings here. Latest posts by Mitchell Lawler (see ...

Share Oil Search managing director Keiran Wulff has resigned suddenly after complaints about his behaviour and ill health, throwing the Papua New Guinean oil and gas producer into uncertainty. Shares in Oil Search slid as much as 2.6 per cent in early trading on the shock news, which adds to the upheaval taking place more broadly across the leadership of the energy sector. “After considerable reflection and consultation with my family and others including my medical advisers, it is an appropr...

Oil Search in a mess as poor behaviour sinks CEO The shock resignation of Oil Search managing director Keiran Wulff after a whistleblower complaint leaves a huge mess for chairman Rick Lee to clean up.  Updated Save Share When the $8 billion oil and gas producer Oil Search posted its June investor presentation to the ASX platform, the slide entitled “the future of Oil Search” made clear the four cornerstones of the company’s investment case. A resilient balance sheet and capi...

UBS can no longer ignore its past misdeeds If UBS chooses not to engage with the PNG royal commission, it will almost certainly find the $1.3 billion loan was unconstitutional, charged excessive interest and was “false and miss-leading”. Jul 16, 2021 – 3.29pm Save Share For the past four months, a royal commission into an eight-year-old deal most Australians have never heard of, in a country that rarely rates a mention, has been quietly chipping away. James Renwick, counsel assis...

AGL to split from coal plants in demerger Updated Save Share Embattled electricity giant AGL Energy will split itself in two separately listed businesses to better handle the rapidly transforming energy market, separating its base coal power plants into a new company, Accel Energy, to be headed by existing interim CEO Graeme Hunt. The retail business backed up by renewables generation and gas power – and with a carbon-neutral portfolio in terms of direct emissions – will be called AGL Aust...

AGL (ASX:AGL) share price on watch following demerger update Another ASX 200 company is planning to split into two… James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasnt looked back since. James is part of the CFA Institutes Chartered Financial An...