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The Latest Breaking News from AGL

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.

ABC News

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

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The Loop: Coalition decides new leaders, car stolen with baby inside, AGL abandons demerger plans

Get up to speed on today's headlines with The Loop.

ABC News

What AGL's corporate shake-up means for Hunter power stations

AGL employees and their communities must be among the top priorities in any restructure or revised time frame for the closure of coal-fired generators, Hunter business and employment advocates argue.

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.

Newcastle Herald

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

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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

Muswellbrook is among the most polluted postcodes in Australia

AGL, Australia's largest climate polluter, says its proposed corporate demerger represents a critical step in its push to reduce emissions in the Hunter Valley.

Newcastle Herald

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

Looking ahead as academics say coal 'transition' has become code for job losses

Transition from dirty job to dirty word

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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The Guardian - AU

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

Reuters

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.

Al Jazeera

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.

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

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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".

ABC News

ASX loses ground as RBA makes first interest rate rise in 11 years to curb inflation; Aussie dollar surges

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

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.

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

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