Tech Billionaire Sets Up AGL Climate Showdown in Australia

Cannon-Brookes to lobby investors to reject utility’s demerger
Key pension fund says also has concerns ahead of June vote

Mike Cannon-Brookes
Photographer: Patrick T. Fallon/Bloomberg

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By Harry Brumpton and Georgie McKay

May 3, 2022 at 6:56 AM UTC

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Billionaire Mike Cannon-Brookes is urging AGL Energy Ltd. shareholders to reject plans to separate the utility’s coal plants into a new company, setting up a showdown over the speed of Australia’s transition to clean power.