AGL is not a community group with obligations outside their own shareholders and customers. They are a commercial entity who made a business decision that the future of energy is not coal and with that in mind they are positioning themselves for the long term.
Yes some jobs will go but some will be created. That has always been the way it goes - industries either evolve or they ultimately disappear. The site is not being turned over to cow paddocks, it is intended to perform a central role in the companies future plans.
Ann: AGL FY18 interim results and affirmation of FY18 guidance, page-137
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