AGL

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AGL is an Australian gas and electricity generator and retail company. AGL boasts that it is a "leading renewable energy company and is Australia's largest private owner, operator and developer of renewable generation assets".[1] However, it is also a major investor in one of Australia's dirtiest brown coal-fired power stations.

Coal-fired power station interests

AGL is one of the largest shareholders in Great Energy Alliance Corporation (GEAC), which in turn owns Loy Yang Power.[2] Loy Yang Power is the owner and operator of the Loy Yang A power station, which was ranked at the largest greenhouse gas polluting power station in Australia. The power station, which is located near Traralgon in Victoria, was estimated to have emitted 18.81 million tonnes of carbon dioxide equivalent (Mt CO2e) in 2009.[3]

Handout from carbon tax package

AGL's subsidiary received $240,116,761.67 of the $1 billion cash payments given out in 2011/12 [4] for the operation of the Loy Yang A power station. The cash was paid from the Energy Security Fund which was established as a part of the carbon tax legislation passed in 2011.[5][6]

Contacts

AGL Energy Limited
Level 22,
101 Miller St
North Sydney NSW 2060
Phone:(02) 9921 2999

Postal Address:
Locked Bag 1837
St Leonards NSW 2065
Website: http://www.agl.com.au/

Articles and Resources

Related SourceWatch Articles

References

  1. AGL, "Company Overview", AGL website, accessed August 2010.
  2. Loy Yang Power, "Ownership", Loy Yang Power website, accessed August 2010.
  3. The Climate Group, Greenhouse Indicator Series: Australian Electricity Generation Report 2009, The Climate Group, August 2010, page 12. (Pdf)
  4. Department of Climate Change and Energy Efficiency,"Generation complexes eligible to receive Energy Security Fund cash payments", Department of Climate Change and Energy Efficiency website, July 9, 2012.
  5. Australian Government, "An overview of the Clean Energy Legislative Package", Clean Energy Future website, accessed January 2013.
  6. Energy Security Council, "About the Council", Energy Security Council website, accessed January 2013.

Resources

External links