Mike Cannon-Brookes Aims AGL’s Liddell Coal Plant With A Supply Offer That Could Reshape Australia’s Energy Landscape

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Mike Cannon-Brookes’ bold and determined blockade of AGL Energy, which resulted in a sweeping victory over the board, has secured him an esteemed place among The Australian Financial Review’s Business People of the Year.

This year, software billionaire Mike Cannon-Brookes made a mark on the world with his passionate mission to expedite Australia’s transition from dirty to clean energy. His vision has re-energised the discussion and captivated people all over the country who are eager for sustainable change.

Mike Cannon-Brookes, the co-founder of the renowned collaboration software Atlassian, has confidential investments in Sun Cable – a forward-looking solar and storage enterprise, of which he is chairman – and Brighte – an investor in solar energy and battery technology.

In 2022, his compelling siege of AGL Energy – Australia’s most significant coal-fired power generator and the top contributor to carbon emissions with an extensive portfolio of wind, solar and battery assets – became one of the most talked about corporate stories.

On a February weekend, the journey started with an unexceptional $5 billion bid jointly submitted to the company by me and Brookfield Asset Management – a powerhouse Canadian investment firm.

At AGL’s annual meeting on November 15, a top win was secured for the four board candidates endorsed by Cannon-Brookes.

“AGL’s Liddell coal plant is one of the biggest barriers to sustainable change in Australia – it must be shut down,” says Cannon-Brookes. “But I’m excited about what this victory means for the future of clean energy and our ability to achieve a more sustainable world.”

Cannon-Brookes’ determination and bold vision will continue to inspire Australians as we all work together to transition from fossil fuels to clean energy. We are confident that the world is watching and ready for change – thanks, in large part, to Mike Cannon-Brookes’ leadership.

Cannon-Brookes was recognised as one of The Australian Financial Review’s Business People of the Year for the outstanding feat. This accolade spotlights entrepreneurs and pathfinders who have left a lasting imprint on Australia’s business terrain.

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