Media

Tim Buckley said, “Shareholders lost $10 billion of wealth as a result of [the previous leadership’s] failing to realise the magnitude of change that was coming and act on the climate science”. The AGM coup is “a win for the rejuvenation of AGL. We now have the board majority with a very clear mandate to actually work on behalf of all shareholders.” Read more

Tim Buckley in an extended interview on the reform of the board at AGL’s AGM – where strategic impact investors used their shareholder muscle to force board renewal and change in the form of the first ever, long overdue Transition Action Plan from Australia’s biggest fossil. Read more

Tim Buckley gives the first analysis on ABC TV News Channel of the landmark shift today that saw 4 independent directors elected to the AGL board, heralding a dramatic acceleration of our #1 carbon polluter’s decarbonisation – including a mandate to end coal power by 2035 with a planned transition that rapidly upscales investment in firmed renewables and looks after workers. Read more

Tim Buckley joins the Australasian Centre for Corporate Responsibility in welcoming the overhaul of the AGL board today, and the huge opportunities this presents to accelerate transition and scale up renewable investment: “AGL is a key Australian energy sector incumbent, with financial resources and staffing that can now be leveraged constructively, with the right leadership.” Read more

Tim Buckley comments on the new dawn at Australia’s biggest carbon polluter AGL today, as 4 independent directors are appointed to the board, ushering in “a turning point” toward decarbonisation and investment in renewables: “This board renewal is critical for AGL investors given the opportunity to start to reverse the $10bn of shareholder wealth destruction in the last six years”. Read more

Tim Buckley in an extended interview with Investor Daily looks at the huge private equity bid by Brookfield and MidOcean for Origin Energy, coupled with their $20bn commitment to renewables, and AGL’s prospects to transform from climate laggard to leader ahead of its AGM, noting the accelerating capital flows to decarbonisation. Read more

Tim Buckley on the bungled AGL demerger and the need for urgent leadership renewal at board level. Read more

As Tim Buckley writes, in the face of a global and domestic energy crisis of shortages and hyperinflation in all fossil fuel commodities, the AGL leadership farce continues. Read more