Good News & Bad News, page-128

Nearly a decade after AGL changed the colour coding of its business strategy from green to black as it bought three of the country’s biggest coal generators, Australia’s largest emitter has announced it will split its business into two so it can better deal with the accelerating clean energy transition.

Same as what's occurring in the EU, where the energy companies don't want the old tech diluting their new clean tech business. Most of the energy companies are still forecasting that their old tech assets will be generating in 2040, so on paper they look viable for investors.

From what I'm reading, that is fantasy and thus creating an asset bubble, as the old tech assets will be stranded/retired in 5 years, as the transition gathers pace.