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What Analysts Think a Billionaire Climate Activist Sees in AGL

Mike Cannon-Brookes

Mike Cannon-Brookes

Photographer: Patrick T. Fallon/Bloomberg

Pressure from billionaire Mike Cannon-Brookes forced AGL Energy Ltd. to abandon a plan to split its retail and power-generation assets, after the top shareholder argued the strategy risked extending the life of polluting coal-fired power plants and destroying shareholder value. Here’s what analysts are saying about the company’s future.

AGL’s strategic review will need to consider updating the company’s decarbonization targets, which includes coal plant closures dates, and a timetable for curtailing or offsetting gas retail.