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GL Energy's latest
climate change commitments have taken the heat out of a shareholder resolution
to be put to the annual general meeting on Wednesday, but the company is still
under pressure to show how it will live up to its pledges while attention is
turning to rival Origin Energy to follow suit.
The commitments adopted by the country's biggest carbon
emitter, announced last Friday, leave coal seam gas as the main bone of
contention between environmental activists and AGL, with protesters set to
target the AGM to show opposition to the controversial Gloucester project in
NSW's mid-north.
They have also exposed the policy vacuum that energy
companies are operating in as they seek to preserve value in their electricity
and gas supply businesses in a world moving more firmly to capping carbon.
Read Angela Macdonald-Smith’s story in today’s Melbourne Age - “AGL Energy deflects climate change heat ahead of AGM”.
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