Australian power firm AGL Energy has reportedly rejected a shock takeover bid from billionaire Mike Cannon-Brookes and Canadian asset management company Brookfield, aimed at faster closure of AGL’s coal-fired power stations.
Worth about $30 billion, Atlassian software founder Cannon-Brookes wants to reduce carbon emissions and he has invested billions in renewable energy.
“On the basis of the information presented, the AGL Energy board has determined that the unsolicited proposal materially undervalues the company on a change of control basis and is not in the best interests of AGL Energy shareholders,” AGL says.
AGL has a special energy plan for EV drivers and can add Carbon Neutral, certified by Climate Active, to customer’s electricity plan for $1 a week and support projects that reduce emissions.
It also has sections on powering up an EV or plug-in hybrid (PHEV), EVs’ benefits, and how range anxiety won’t exist.
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