Energy giant AGL posts $1.26 billion loss as renewables transition costs mount

In more evidence rock road to a renewables transition, energy giant AGL has posted a full year loss of $1.26 billion. Much of that is from the accelerated closure of AGL's coal-fired plants and the massive costs decarbonising and building renewable sources. AGL chief executive Damien Nicks speaks with ABC's Peter Ryan. Reporter: Senior Business Correspondent Peter Ryan Featured: Damien Nicks, CEO, AGL Energy