AGL’s happy lot

Seen those annoying TV ads in which AGL sings its own praises for going green? Alan Moran explains what is behind them — and it’s a lot more than Gaia worship:

…If, as it said it will, AGL were to close the Liddell 2000 MW power station in 2022, it would expect the wholesale price to rise further and push up profits, without the need to invest maybe one billion dollars in refurbishment of Liddell.

Compared to such revenues, those irritating coal ads ‘Let’s Face It — things are changing’ are mere bagatelle for a company the earnings of which are dominated by the product they denigrate…

The full essay — “How does the free market cope with rogue businesses?” — can be read via the link below.

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