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AGL Needs to Shut Coal-Fired Plants by 2035, Cannon-Brookes Says

  • Billionaire climate activist seeks to renew board of AGL
  • Cannon-Brookes led succesful campaign to stop AGL demerger
Mike Cannon-Brookes

Mike Cannon-Brookes

Photographer: Karen Dias/Bloomberg

The “outer deadline” for AGL Energy Ltd. to close its coal-fired plants would be 2035, a decade earlier than its current target, according to Australian billionaire Mike Cannon-Brookes. 

The accelerated timeline would be a proactive measure to pave the way for a Paris-aligned plan to transition away from coal, said Cannon-Brookes, the company’s top shareholder who successfully campaigned to force the nation’s biggest electricity generator to scrap plans to split off its coal-fired assets.