AGL Energy, the country’s biggest carbon emitter, is facing another uphill battle to win support from its largest investor, Mike Cannon-Brookes’ Grok Ventures, for its latest climate plan, which is due to go to a shareholder vote for the first time in three years.
Chief executive Damien Nicks appealed to investors on Thursday to support the 2025 scheme, released last week, describing it as a “plan for action”. He encouraged shareholders to back it at the electricity and gas supplier’s annual meeting in Sydney on October 3.
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