Australia’s largest energy firm and biggest carbon emitter AGL on Monday rejected a takeover bid from green-minded tech billionaire Mike Cannon Brookes, who planned to shutter the firm’s coal-fired power plants.
Atlassian co-founder Cannon Brookes had teamed up with Brookfield Asset Management to offer US$5.8 billion for the electricity production and distribution firm with a view to shutting major coal power plants 15 years early.
Cannon Brookes has long been vocal in his criticism of the Australian government’s pro-coal policies and the energy industry’s lack of ambitious climate goals.—APP
