AGL will undergo an "internal separation" into a coal-free operation called 'New AGL', and a 'PrimeCo' business that will gradually transform its coal assets into energy hubs, AGL chief executive Brett Redman told an investor briefing today.
Victoria will match $19.2 million in annual federal funding for the Alcoa aluminium smelter until FY25, when new grid rules will start to deliver better returns to the company for its contribution to system reliability.
Instead of setting deadlines to achieve net zero emissions and other environmental goals, Oz Minerals has opted for a technology-focused approach that rests on collaboration.
The general manager of Mars Food Australia, which now sources 100% of its power from renewables, says groups such as Greenpeace are "positive provocateurs" that play an important role in securing good corporate performance.
Mining companies including South32, Oz Minerals, Gold Fields and IGO Ltd have established a new industry alliance with ambitions to end the industry's reliance on diesel.
Coca Cola Amatil will achieve net-zero operational emissions by 2040, and has set new constraints on its use of plastic, as part of sustainability commitments announced today.