Great announcement today with AGL deciding to use market forces to invest in a new gas generation plant for the East Coast instead of using coal as our free market Libs have previously demanded.
I am not as concerned about numbers in the short term with AGL management continuing to ignore outside voices and continue to invest in more commercially viable new, long term projects using cleaner energy technology.
Here, here to the CEO of AGL for having a the gumption to stand up for the future of his company. Refitting an aged un-commercially viable coal plant would have been a massive mistake long term. Reasons being banks will raise basis points on loans from companies using old dirty coal in future plus the risk of carbon credits. Also the old plants are just plain inefficient and are costly to upgrade.
Will we break out of this never ending downtrend? Could today's announcement be the catalyst?
Great announcement today with AGL deciding to use market forces...
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Last
$10.71 |
Change
0.040(0.37%) |
Mkt cap ! $7.178B | |||
| Open | High | Low | Value | Volume |
| $10.73 | $10.77 | $10.68 | $2.165M | 201.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 14665 | $10.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.71 | 1439 | 3 |
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| Last trade - 10.24am 25/06/2024 (20 minute delay) ? |
| AGL (ASX) Chart |