Why would all Australians get together and back this 100%
AGL is Australia’s heaviest source of planet-heating greenhouses gases, accounting for about 8 per cent of national emissions.
Mike Cannon-Brookes and Brookfields proposal to buy AGL Australia came with a promise to spend up to $20 billion on new wind farms and big batteries to help replace its coal-burning power stations by 2030, 15 years earlier than the company’s existing closure dates.
And they are paying 5pc above market price - how can this not be a win for shareholders .
#scomo says that he’s worried about electricity going up ….. Mike says - with the renewable resources we have - prices will go down not up - and they will be using technology to solve the wicked problem of #climatechange
# #batteries #technology #power #australia
We are bringing significant supply here. So that should bring prices down in the long term."
"There's no logical reason, no economic reason [that] we should not have the cheapest power in the world, and that is [where] we're intending to go."
"There's no doubt that we have the capacity in Australia to build the renewable assets to make this happen — more than enough sun, wind, hydro resources,"
Another great interview https://www.abc.net.au/news/2020-07-08/atlassian-mike-cannon-brookes-renewable-energy-best-opportunity/12432484?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web
FYI
Mike and his wife, Annie, have committed $1.5 billion of their fortune to climate change philanthropy.
"Decarbonisation is a great economic opportunity facing Australia, but it requires vision and action," Mr Cannon-Brookes said