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Energy giant AGL posts $1.26 billion loss as renewables transition costs mount
In more evidence rock road to a renewables transition, energy giant AGL has posted a full year loss of $1.26 billion. Much of that is from the accelerated closure of AGL's coal-fired plants and the massive costs decarbonising and building renewable sources. AGL chief executive Damien Nicks speaks with ABC's Peter Ryan.
Reporter: Senior Business Correspondent Peter Ryan
Featured: Damien Nicks, CEO, AGL Energy
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By Peter RyanIn more evidence rock road to a renewables transition, energy giant AGL has posted a full year loss of $1.26 billion. Much of that is from the accelerated closure of AGL's coal-fired plants and the massive costs decarbonising and building renewable sources. AGL chief executive Damien Nicks speaks with ABC's Peter Ryan.
Reporter: Senior Business Correspondent Peter Ryan
Featured: Damien Nicks, CEO, AGL Energy