Australian Billionaire Mike Cannon-Brookes has teamed with Canadian asset manager Brookfield in a bid to buy the Australian energy giant AGL and then accelerate the company’s green energy transition - planning to get the company out of coal by 2030. 

 

Mike joins the Briefing to explain his plan for the future of Australia’s energy market, and how he sees his vision playing out.

 

His initial proposal was $7.50 a share - which would see them pay $A8billion for AGL, but it was knocked back by the energy giant.  Cannon-Brookes and Brookfield plan to spend $20 billion more to replace the coal-fired plants with large-scale renewable batteries.  He says:    “Australia should have the lowest-priced energy in the world”.

 

On today’s Briefing, Mike Cannon-Brookes’ vision for Australia’s energy future.

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