Good morning, early birds, and welcome to the new-look Worm. AGL's CEO holds his ground against mounting pressure from the federal government, as well now as the ACCC. Plus, the Commonwealth Bank agrees to repay $26 million to swindled customers. It's the news you need to know, with Chris Woods.
Despite the dire warning of climate scientists, underpinned by the current spate of extreme weather events around the world, the government appears to be bent on promoting coal-fired power generation, writes Earth and Paleo-climate scientist Andrew Glikson.
The Turnbull government really wants someone, anyone, to buy the Liddell coal-fired power plant. But lessons from Hazelwood should remind any potential buyer that an ageing, dying power plant is often more trouble than it's worth.
We've tried giving business lobbyists and spinmeisters the chance to voice their concerns over environmental regulation. That didn't work. It's time to play hardball -- and businesses will gratefully fall in line.