Mr Cannon-Brookes joined forces with Brookfield to put the takeover bid forward to AGL on Saturday, arguing that together they can fast-track the closure of AGL's remaining coal-fired generators, including the Loy Yang A brown coal generator. The co-founder of software company Atlassian says it would be one of the biggest decarbonisation projects globally and could be achieved by 2035.ĪGL Energy on Monday rejected an $8 billion takeover bid by Mr Cannon-Brookes and Canadian asset manager Brookfield to accelerate the closure of AGL's major coal-fired power stations. Billionaire businessman Mike Cannon-Brookes says he will continue to work with the board of energy giant AGL to pursue net zero electricity generation, arguing it could help Australia have the "lowest-priced energy in the world".
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