Carbon challenge looms ahead of AGL’s historic demerger plan
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AGL, the nation’s biggest energy utility, is facing a shareholder push to explain how its demerged businesses will meet global targets to avert the worst impacts of climate change.
As part of its response to the accelerating clean energy transition, AGL is proposing to split itself into two companies: AGL Australia, to hold its power, gas and telecommunications retailing divisions as well as some cleaner generation assets; and Accel Energy, which will own its emissions-intense coal and gas-fired power stations.
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