Australian billionaire Mike Cannon-Brookes is on a collision course with the nation's biggest electricity generator and carbon emitter over its planned demerger, which he says entrenches fossil fuels and is "flawed".
The AGL Energy board on Tuesday dismissed his criticism of the imminent split of the company, saying in a statement to the ASX that the demerger is in the best interests of all shareholders.
The tech mogul's push to more quickly power Australia with renewable energy comes amid a tight election where climate politics is heartfelt by those hit by more severe and frequent floods, storms and fires.
