Rn Drive - Separate Stories Podcast
HESTA super to reject AGL demerger
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:06:18
- More information
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Synopsis
Industry super giant HESTA has taken the bold step of announcing it will reject AGL's controversial demerger when it comes up for a vote next month. The $68 billion fund, which preserves the nest-eggs of thousands of workers in health and community service sectors, says it is 'unconvinced' that AGL's proposal to spin off its coal fired power stations into a separate business is compatible with Australia's commitment to the Paris climate goals.