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AGL hit by huge losses as it scrambles to catch up with switch from baseload – RenewEconomy

AGL hit by multi-billion dollar write downs, as Australia’s largest emitter tries to catch up with accelerating energy market…

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AGL Energy announced a $2 billion loss for the 2021-22 financial year as Australia’s single largest greenhouse gas emitter grapples with how it can transform its business and manage what the switch from fossil fuel base-load to flexible generation.
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