CannonBrookes

The Loy Yang power station in the Latrobe Valley.Credit: Joe ArmaoIf AGL were to align with a maximum of 1.5 degrees, it would be compelled to exit coal by as early as 2028-29, according to the company’s calculations. AGL chair Patricia…

Normal text sizeLarger text sizeVery large text sizeMike Cannon-Brookes has an enduring dream. The year is 2030, and a giant power cable runs 4200 kilometres along the ocean floor from Darwin to Singapore, exporting Australia’s boundless…

Forrest on Friday congratulated Cannon-Brookes, saying “any project that takes the world closer to real zero is a positive for the planet”.The billionaire chairman of iron ore miner Fortescue said Squadron, which is now Australia’s biggest…

“This was the reason the founders started the company, and the reason investors invested in the company, in the first place,” Grok said in January. “Once operating, there would be energy generation coming out of Sun Cable to provide…

Both Cannon-Brookes and Forrest have been manoeuvring into positions to improve their chances. Grok has extended a $65 million line of credit to the company to tide it over, while Forrest has been busy buying out creditors – a move that may…

Normal text sizeLarger text sizeVery large text sizeHow many billionaires does it take to change a light bulb? None. Billionaires don’t change light bulbs, or so the joke goes. But they can invest billions to reshape the energy market, as…

Cannon-Brookes has built a reputation over the past year in shaking up the strategy and management of AGL. His quest to overhaul Australia’s largest emitter has resulted the company fast tracking of its timetable to reduce emissions.When…

Cannon-Brookes’ affirmation of his ambitions for Sun Cable comes after questions over his desire to stay on as an investor, with sources saying Grok’s initial proposal to tip more funding into the project before its collapse included a…

The ambitious Sun Cable renewable energy project has collapsed into administration after billionaires Mike Cannon-Brookes and Andrew Forrest were unable to agree on a path forward for the $25 billion business.Administrators from US…

Earlier in the year there were already signs of significant weakness in the sector with various cryptocurrency exposed groups in the US – including Voyager Digital, Celsius, BlockFi – going bankrupt and the value of various digital assets…