Second Attempted Takeover of Australian Energy Giant by Green Investors Fails

Mike Cannon-Brookes, chief executive officer of Atlassian, attends the annual Allen and Company Sun Valley Conference, in Sun Valley, Idaho, USA, on July 11, 2019. Drew Angerer/Getty Images

One of Australia’s largest energy providers, AGL Energy, has rejected a second bid from tech billionaire Mike Cannon-Brookes to buy out the firm and speed up decarbonisation efforts.

Cannon-Brookes, co-founder of NASDAQ-listed Atlassian, has been a vocal advocate for renewable energy development in Australia and on March 6, wrote on Twitter that he, along with the Brookfield-Grok consortium, would be “putting our pens down.”