AGL boss: regardless of climate science, it's time to drop the 'emissions business'

The energy giant's future direction is about financial risk, not what its leaders may think about the science of climate change, Andrew Vesey says

The boss of Australia's largest emitter of greenhouse gases says his company needs to be out of the "CO2 emissions business" regardless of what they think of the science of climate change, simply to manage the financial risk.

"We're not necessarily out of the coal business and it's not fossil fuels because we'll still use gas. We need to be out of the CO2 emissions business," Andrew Vesey, the chief executive of AGL told Guardian Australia. "We've done a lot of thinking around this and we believe our view of the future will be restraints on carbon emissions."