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The Latest Breaking News from Mike CannonBrookes

Amid rush to exit coal, AGL’s challenges are only just beginning

Energy retailer says it will need to find $20bn to meet its raised goal of adding 12 gigawatts of new wind and solar plants and storage by 2036

The Guardian - AU

AGL catches up to peers with climate plan

Under AGL Energy's first climate transition plan, closing one coal-fired power station a decade early will avoid 200 million tonnes of greenhouse gases.

AAP

AGL will close Victoria’s coal-fired power station Loy Yang A a decade early

Energy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged

The Guardian - AU

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Mike Cannon-Brookes to back new AGL board members in bid to clean up climate polluter

Tech billionaire will support four independent non-executive directors to transform the company

The Guardian - AU

Doing a Patagonia: will Australia’s mega-rich start saving the planet?

The billionaire founder of outdoor gear company Patagonia is giving his riches to climate action causes. Are the wealthiest Australians doing enough to save the world?

Crikey

New Delhi dialogue 'game changer' for tech

Australian business leaders are meeting in New Delhi to set the pace for deepening ties with India on emerging technology and supply of critical minerals.

AAP

Six Australian startups to watch: Forbes

Forbes Asia has named highlighted six Australian startups on its second annual list of Asia-Pacific startups to watch.

AAP

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ACT charging network kicks off as heavy-hitters gather at EV summit

Mike Cannon-Brookes has urged greater speed on tough vehicle emission standards

The Canberra Times

Nation changing lanes to electric vehicles

The federal government has announced its plan to grow Australia's electric vehicle market and help more people access the low emissions cars.

AAP

Tesla's big battery started with an Elon Musk Twitter exchange – but behind the scenes, it wasn't that simple

It's been five years since the construction of Elon Musk's giant battery in rural SA. But for then-premier Jay Weatherill, the tweets that triggered the Tesla project were a double-edged sword.

ABC News

It’s valued in the billions, but Atlassian is losing money. And it’s not keeping up in a fast-paced industry

Once able to grow quickly and profitably, Atlassian is growing a lot more slowly than it used to, and it will need to spend big to achieve growth.

Crikey

Sun Cable: The giant solar project making Australia a world leader in renewable generation

The world's largest solar generation and transmission project – Sun Cable – was given the go-ahead by Infrastructure Australia (IA) on Friday.

The New Daily

Hesta members pledge to ditch super fund over fossil fuel investments

Industry superannuation fund defends approach, saying engaging with companies changes their behaviour, as members urge it to ‘stop investing in climate catastrophe’

The Guardian - AU

Australia's new climate promise meets mining reality

Sydney (AFP) - Flood, fire and drought-battered Australia is trying to clean up its act on climate change, but dependence on fossil fuel riches could stymie the national makeover.

AFP

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AAP

Mike Cannon-Brookes is going to fix our homegrown energy crisis

Tech billionaire Mike Cannon-Brookes is pursuing 'the biggest decarbonisation project in the world' amid calls for a quicker fix for the energy crisis.

AAP

Atlassian key partner in Aust-India trade

Software firm Atlassian will replace packaging company Visy Industries as the principal corporate sponsor of the Australia India Leadership Dialogue.

The New Daily

Alan Kohler: We all lose when monopolists prosper

The role of government is to correct the tendency towards monopoly and inequality through regulation, but they have been falling down on the job.

The Guardian - AU

Energy retailer tells more than 70,000 customers to go elsewhere or face doubling of prices

ReAmped Energy chief executive says he would rather people were ‘getting better deals’ amid soaring wholesale prices

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Crikey

Estranged from big business? Yeah nah. Dutton starts out with a ridiculous spin

The new opposition leader is having himself — and us — on. The Liberals are right in the pockets of big business. It’s investors they don’t like.

The New Daily

‘Bloodbath’: Scrapped AGL demerger clears way for faster coal closures

Australia’s largest energy retailer AGL sparked a “bloodbath” on Monday after plans to demerge the company to tackle climate change were suddenly scrapped.

ABC News

AGL's biggest shareholder, Mike Cannon-Brookes, leaves open possibility of another takeover bid

AGL's biggest shareholder, billionaire businessman Mike Cannon-Brookes, is not ruling out another takeover bid for the energy giant but says he is focused on rebuilding the company for renewable generation.

The Guardian - AU

AGL’s coal implosion shows what a disorderly transition to clean energy looks like

What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

The Conversation

Australia's biggest carbon emitter buckles before Mike Cannon-Brookes – so what now for AGL's other shareholders?

Billionaire Mike Cannon-Brookes has won a major battle against Australia’s biggest energy company, AGL Energy, thwarting its plan to split up the company’s coal-heavy generation and power distribution assets.

Crikey

Deadly Cannon-Brookes fire: AGL demerger killed, board wrecked as new politics takes hold

The defeat of AGL’s demerger proposal and the clean-out of its board are big wins for opponents of a slower decarbonisation path for the company.

Newcastle Herald

AGL drops plans to split company in two after strong opposition from Mike Cannon-Brookes

AGL Energy is abandoning plans to split into two separate entities after opposition from billionaire Mike Cannon-Brookes.

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