Money in the hands of people with values is a very good thing. Mike Cannon-Brookes is a 42-year-old tech entrepreneur with a passion for renewable energy. There was an article on him in the Herald at our local barber, where my son was getting his hair cut. See, Mike just put in a AUD$8 billion bid to buy the Australian electricity company AGL. He’s bidding in partnership with a Canadian asset management firm Brookfield that specialises in renewable energy.
AGL is Australia’s biggest emitter of greenhouse gases, spewing out — coincidentally, the same amount of tons as Mike is years old — 42. That’s a lot of greenhouse gas emissions. AGL also owns three of Australia’s 16 coal plants. Mike’s plan? Buy the company, shut down the coal plants, replace it with renewables. Read on…
