The real victims of closing coal plants are Aussie energy consumers
Dr Alan Moran, from Regulation Economics & Spectator columnist, joins Luke Grant for a closer look at the potential AGL purchase that may lead to the earlier than planned closure of that company’s coal fired generation assets.
Dr Moran has written about this in the Spectator saying if software billionaire Mike Cannon Brookes is Australia’s latest corporate raider, his bid for AGL redefines the whole notion of a corporate raider.
Historically, corporate raiders have sought to profitably reinvigorate under-performing assets, but Mr Cannon Brookes ostensibly seeks to close down the target firm’s assets whether or not they are under-performing.
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