The carbon pollution reduction scheme (CPRS) will put a dent in airline valuations but will provide AGL and Origin with scope for improvement, according to a Deutsche Bank report.
The report suggests that an increase in free permits and energy industry assistance have nudged AGL over the line to be a net beneficiary of the ETS legislation.
- BHP Billiton
- Bluescope Steel
The value of Virgin Blue and Qantas is expected to fall by 4-10%.
Stephen Mayne noted last week that the passage of the ETS bill through the lower house had little impact on the stock market or on specific company share prices.
ASX Code: AGK
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For more on this news story:
- The Australian: “AGL reaps energy emissions benefits”