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
Bidders expected to walk away after offer of $8.25 a share rejected by board of Australia’s largest energy company
Australian tech billionaire Mike Cannon-Brookes has made a multi-billion dollar bid to buy energy company AGL - Australia’s biggest greenhouse gas emitter - and speed up its exit from coal...
Takeover bid comes as energy companies look to expedite shutdown of coal-fired power plants in face of growing renewable competition, Schott says
Mike Cannon-Brookes believes backing renewable energy over old coal power plants will keep electricity prices down, create jobs and slash emissions – is he right?
Bid led by Atlassian founder to buy Australia’s biggest polluter and shut its coal plants earlier than planned rejected as not in shareholders’ best interests
Energy giant assessing unsolicited bid worth up to $8bn from tech billionaire and Canadian investment firm
Climate groups dismiss energy giant’s amended schedule for Loy Yang A and Bayswater as a ‘token effort’ that is ‘next to meaningless’
Rejection comes as company criticised over plans to split its business in two as part of a move to clean up its emissions profile
Because Big Bankers really want to save the Earth, right? BlackRock, the 10 trillion dollar “global investment fund” is urging the Australian company AGL to shut Bayswater and Loy B Yang Coal Plants much sooner...
PM says he’s ‘more interested in the doing’ as he walks back amount of new generation needed to replace Liddell coal plant from 1,000MW to 250MW
Taskforce study does not back Scott Morrison’s claim that Liddell coal plant needs urgent replacing with 1,000 megawatts of new dispatchable electricity generation capacity
Energy company will provide car, charging station as well as insurance and registration for flat fee, as research points to upfront cost as deterrent
Energy provider is first major Australian company to connect executive pay to net-zero goal
Company says parts of coal-fired Hunter Valley plant will stay open until 2023, and life of Torrens A, near Adelaide, may also be extended
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