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BIZARRE: 4 - What They Never Told You

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 Guardian - AU

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.

The Conversation

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.

Newcastle Herald

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AGL cans split plan, leadership to quit

AGL's leadership team will quit after billionaire Mike Cannon-Brookes succeeded in foiling the energy giant's planned demerger.

AAP

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

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

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

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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

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

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The Guardian - AU

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

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.

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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.

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.

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