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The Latest Breaking News from Mike CannonBrookes

AGL dumps demerger plan, yielding to Mike Cannon-Brookes

Company’s chairman and chief executive to resign, along with two other board members

The Guardian - AU

It’s my party and I’ll try if I want to

Good morning, early birds. Leadership reshuffles are expected for both the Liberal Party and the Nationals today, and the NSW government says they did not green-light the reburial of Mungo Man and Mungo Lady. It’s the news you need to know, with Emma Elsworthy.

Crikey

Amid the rubble of election defeat, are claims of a dying net zero agenda credible?

Barnaby Joyce ponders ditching net zero, while Matt Canavan’s claim the climate goal is ‘a failed agenda’ globally dismissed as ‘laughably untrue’

The Guardian - AU

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Time 100 Most Influential List Includes 10 Connected To Public Companies Such As Tim Cook, Andy Jassy And Joe Rogan

The annual Time 100 Most Influential People list for 2022 contains names such as U.S. President Joe Biden, Ukrainian President Volodymyr Zelenskyy and Chinese President Xi Jinping. The list also has several CEOs and names connected to public companies.

Benzinga

LETTERS: Billions of reasons to like what Mike's doing

Newcastle Herald readers have their say

Newcastle Herald

Tech mogul Mike Cannon-Brookes will shut down Hunter power stations if his bid gets up

Mike Cannon-Brookes, Atlassian and AGL

Newcastle Herald

AGL demerger 'turd rolled in glitter'

An independent expert has found AGL Energy's demerger is in the best interests of shareholders, but critics say it's in breach of global climate targets.

AAP

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AGL demerger ‘turd rolled in glitter’

An independent expert has found AGL Energy’s demerger is in the best interests of shareholders, but critics say it’s in breach of global climate targets.

Crikey

AGL reveals demerger would cost $260m as Mike Cannon-Brookes tries to block plan

Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

The Guardian - AU

Analysis-Rising power bills complicate Australia's election climate war

In Australia's election fight, politicians are tiptoeing around the climate wars that have marked the past decade and a half, even as an activist billionaire put the issue front and centre this week, buying a key stake in Australia's top power producer.

Reuters

A bit rich? Billionaires’ climate efforts draw scepticism, praise

Mega-rich figures such as Andrew Forrest spend billions on climate change solutions while adding to carbon emissions.

Al Jazeera

Clouds gather in Singapore over Cannon-Brookes, Twiggy-backed $30b Sun Cable project

It's billed as a poster child for Australian renewable energy exports, but Sun Cable's plan to build the world's biggest solar farm draws scepticism in its target market, Singapore.

ABC News

Australia’s biggest industrial players are focusing on climate solutions – why isn’t the political debate?

Tomago Aluminium previously said shifting away from coal could lead to blackouts – now it’s publicly embracing renewables in the middle of an election campaign

The Guardian - AU

Mike Cannon-Brookes says large AGL shareholders back his bid to stop energy giant’s demerger

Australia’s largest power generator vows to go ahead with demerger after tech billionaire buys 11% stake in company

The Guardian - AU

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news in one place.

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Crikey

Taylor’s obsession with failing, inflationary coal will help kill off AGL split

By taking an 11% stake in AGL, Mike Cannon-Brookes has effectively killed the AGL demerger. And Angus Taylor might have accidentally helped him.

ABC News

Tech billionaire Mike Cannon-Brookes becomes AGL’s largest shareholder

Australian tech billionaire Mike Cannon-Brookes buys shares in coal-powered energy company AGL, vowing to create "a better future" that moves towards "decarbonisation".

AAP

AGL board and billionaire at loggerheads

AGL Energy is in a stoush with its billionaire shareholder who rejects their plan to split and backs his own way to rapidly switch the power grid to renewables.

Newcastle Herald

Cannon-Brookes becomes largest shareholder in AGL Energy

The AGL Energy board's push to demerge the company with the 75 per cent approval of shareholders is facing a fresh hurdle after a billionaire bought up shares.

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news in one place.

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Crikey

May: we live in interesting times

Good morning, early birds. The Reserve Bank is set to release the new interest rate today, and tech billionaire Mike Cannon-Brookes has become the largest shareholder of AGL Energy just weeks after his takeover bid was declined. It’s the news you need to know, with Emma Elsworthy.

ABC News

Sydney news: Man guilty of 1988 Scott Johnson murder to be sentenced

MORNING BRIEFING: The man who has admitted his guilt in the 1988 murder of Scott Johnson faces sentencing.

The Guardian - AU

Mike Cannon-Brookes is now AGL's largest single shareholder

AGL says it’s determined to go ahead with the merger despite the purchase, which has made Cannon-Brookes the company’s largest single shareholder

AAP

Another outage at AGL's Loy Yang station

An electrical fault at AGL's Loy Yang A coal-fired power station has wiped a quarter of its generation capacity, potentially for months.

Crikey

Enraged, humiliated Taylor looks to block closures of coal-fired plants

Angus Taylor wants to prevent owners of coal-fired power plants from bringing forward their closures, with new rules dictating how companies will operate up to five years ahead.

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