<
https://www.smh.com.au/business/companies/brookfield-cannon-brookes-launch-bid-for-agl-to-accelerate-coal-exit-20220220-p59y25.html>
"Tech billionaire Mike Cannon-Brookes has teamed up with international fund
manager Brookfield to launch an audacious takeover bid for Australian energy
giant AGL with the intention of setting stronger emissions-reduction targets
and forcing the early closures of its remaining coal-fired power stations.
AGL is the nation’s largest and oldest energy utility and its power stations
are Australia’s largest source of planet-heating greenhouses gases, accounting
for about 8 per cent of national emissions.
If successful, Brookfield and Mr Cannon-Brookes, Australia’s third-richest
person, would spend $10 billion above the purchase price of AGL to get coal out
of its operations by as early as 2030, 15 years earlier than its current
forecasts."
Via Mark Pesce and then Andy Nicholson at Cogent.co.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
