Australia’s biggest carbon emitter, energy company AGL, has walked back from controversial plans to split its business.

AGL’s plan to break up its retail and power generation operations into separate entities came under relentless pressure from tech billionaire Mike Cannon-Brooks and others.

They argued splitting the business would leave it in a poorer position to accelerate the closure of coal-fired power stations in Victoria and NSW.

AGL’s chief executive, chairman, and two independent directors fell on their swords on Monday. The remaining board members announced they would undertake a strategic review into the future of the company.

Today on Please Explain business reporter Nick Toscano joins Bianca Hall to discuss the future of AGL, and how the market could drive Australia's transition to a clean-energy powerhouse.

Australia&rsquo;s biggest carbon emitter, energy company AGL, has walked back from controversial plans to split its business.
AGL&rsquo;s plan to break up its retail and power generation operations into separate entities came under relentless pressure from tech billionaire Mike Cannon-Brooks and others.
They argued splitting the business would leave it in a poorer position to accelerate the closure of coal-fired power stations in Victoria and NSW.
AGL&rsquo;s chief executive, chairman, and two independent directors fell on their swords on Monday. The remaining board members announced they would undertake a strategic review into the future of the company.
Today on Please Explain business reporter Nick Toscano joins Bianca Hall to discuss the future of AGL, and how the market could drive Australia's transition to a clean-energy powerhouse.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Inside the battle for the future of Australia's biggest polluter

After weeks of media scrutiny that has painted Anthony Albanese as tone-deaf and out of touch with Australians struggling with financial distress, the Prime Minister launched a compelling pitch over the weekend.

Should Labor win the next election, Albanese would slash student debts in a $16 billion dollar proposal.

Young Australians are in desperate need of help. Student poverty - and hunger - has become so dire, that Western Sydney University has had to establish a food pantry.

Today, Western Sydney University vice chancellor Professor George Williams, and federal political correspondent, Paul Sakkal, on whether the prime minister’s proposed reform would fix what many say is a broken student loan system. And if Labor is using student debt relief to buy the youth vote.

After weeks of media scrutiny that has painted Anthony Albanese as tone-deaf and out of touch with Australians struggling with financial distress, the Prime Minister launched a compelling pitch over the weekend.
Should Labor win the next election, Albanese would slash student debts in a $16 billion dollar proposal.
Young Australians are in desperate need of help. Student poverty - and hunger - has become so dire, that Western Sydney University has had to establish a food pantry.
Today, Western Sydney University vice chancellor Professor George Williams, and federal political correspondent, Paul Sakkal, on whether the prime minister’s proposed reform would fix what many say is a broken student loan system. And if Labor is using student debt relief to buy the youth vote.

Australia’s student loan system is ‘broken’. Will the PM’s radical plan fix it?

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/6ee65397-c733-4b6b-8e4e-b21e005ff679/transcript

Inflation figures came out last week, and the annual figure tumbled from 3.8 per cent to 2.8 per cent - the lowest since the March quarter of 2021.

And it's welcome news for at least some of your grocery shop with bread prices, which were climbing at 14 per cent in Sydney and Melbourne a year ago, are now climbing at only 1.2 per cent.

And cheese is getting cheaper too.

So is the cost-of-living crisis over? And what can Australians expect from the Reserve Bank meeting on Tuesday?

Senior economics correspondent Shane Wright, and economics writer Millie Muroi, talk us through what the new inflation figures mean for you.



For more

Read...Shane Wright's 'There’s your inflation rate – then there’s the Reserve Bank’s rate', The Age and Sydney Morning Herald.

Watch...'Inflation falls, but don't expect cuts to follow', ABC's The Business.

Inflation figures came out last week, and the annual figure tumbled from 3.8 per cent to 2.8 per cent - the lowest since the March quarter of 2021.
And it's welcome news for at least some of your grocery shop with bread prices, which were climbing at 14 per cent in Sydney and Melbourne a year ago, are now climbing at only 1.2 per cent.
And cheese is getting cheaper too.
So is the cost-of-living crisis over? And what can Australians expect from the Reserve Bank meeting on Tuesday?
Senior economics correspondent Shane Wright, and economics writer Millie Muroi, talk us through what the new inflation figures mean for you.
 
For more
Read...Shane Wright's<a href="https://www.smh.com.au/politics/federal/there-s-your-inflation-rate-then-there-s-the-reserve-bank-s-rate-20241030-p5kmgt.html"> 'There’s your inflation rate – then there’s the Reserve Bank’s rate'</a>, The Age and Sydney Morning Herald.
Watch...<a href="https://www.youtube.com/watch?v=xp66TFI7LJU">'Inflation falls, but don't expect cuts to follow'</a>, ABC's The Business.

Inflation is down and the reserve bank meets tomorrow. Is the squeeze over?

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/5e4ea1e8-8fa5-459b-952f-b21b00a8f783/transcript

The Prime Minister is facing uncomfortable questions about his relationship with former Qantas CEO Alan Joyce, and the flight upgrades he received when he was Transport Minister, and also when he was in Opposition. How much damage has this done to the Prime Minister? Did he handle the whole controversy well?

Plus - the verdict is in, on how well Australia responded to the Covid pandemic. We also touch on this week’s much-anticipated inflation data, and discuss how it affects the government’s election timing. Chief political correspondent David Crowe and chief economics correspondent Shane Wright join Jacqueline Maley to discuss.

The Prime Minister is facing uncomfortable questions about his relationship with former Qantas CEO Alan Joyce, and the flight upgrades he received when he was Transport Minister, and also when he was in Opposition. How much damage has this done to the Prime Minister? Did he handle the whole controversy well? Plus - the verdict is in, on how well Australia responded to the Covid pandemic. We also touch on this week’s much-anticipated inflation data, and discuss how it affects the government’s election timing. Chief political correspondent David Crowe and chief economics correspondent Shane Wright join Jacqueline Maley to discuss.

Inside Politics: The PM, the Chairman’s Lounge and business class upgrades

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/a1801f05-2bf8-4081-a6d7-b21a0056f2d5/transcript

Inside the battle for the future of Australia's biggest polluter

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