AUSTRALIA

King's $3M olive branch amid $13B debt

ORIGIN Energy's debt will peak at $13 billion and Australia Pacific LNG will report a loss in its first year. While this is sobering news, <i>Energy News</i> understands managing director Grant King and finance director Karen Moses felt so strongly they needed to send a solid message to shareholders they were doing everything they could by forfeiting nearly $5 million in equity incentives.

King's $3M olive branch amid $13B debt

The revelation of where Origin's debt will peak and APLNG's loss comes after the company announced that King ($3.17 million in bonus payments) and Moses ($1.6 million in payments) agreed yesterday to forfeit...

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