News: ORG Origin Energy Announces Response To Shareholder Resolutions

Sept 26 (Reuters) - Origin Energy Ltd (ORG) :

• ANNOUNCES RESPONSE TO SHAREHOLDER RESOLUTIONS
• ORIGIN ENERGY - ON TRACK TO REACH TARGET OF 25% OF OWNED AND CONTRACTED GENERATION CAPACITY BEING MADE UP OF RENEWABLES AND STORAGE BY 2020
• ORIGIN ENERGY- NOT IN BEST INTERESTS OF STAKEHOLDERS TO SET BUSINESS STRATEGY/EMISSIONS TARGETS BASED ON HIGH-LEVEL, NON-PEER REVIEWED REPORT
• ORIGIN ENERGY - MEETING GOALS OF PARIS AGREEMENT DOES NOT REQUIRE ORIGIN OR AUSTRALIA TO EXIT COAL-FIRED GENERATION BY 2030
• ORIGIN’S PLAN TO EXIT COAL-FIRED GENERATION BY 2032 IS CONSISTENT WITH ACHIEVING THE PARIS AGREEMENT GOAL
• CONTINUE TO SUPPORT A NATIONAL GOAL OF NET ZERO EMISSIONS IN THE ELECTRICITY SECTOR BY 2050 OR EARLIER
• FULLY COMPLIANT WITH STACK EMISSION LIMITS SET BY NSW ENVIRONMENT PROTECTION AUTHORITY AS OUTLINED IN ERARING'S EPL
• ORIGIN ENERGY - INVESTIGATING EXPANDING SHOALHAVEN PUMPED HYDRO POWER STATION BY 235 MW, WHICH WOULD BRING TOTAL CAPACITY UP TO 475 MW

Source text http//reut.rs/2mHfvSx

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