Page 10 - Peter Botten News Today

The Atlassian co-founder has attacked the track record of AGL’s board and the “very poor” demerger proposal, and said he was in it for the long haul to help lead the energy transition.

Tech billionaire Mike Cannon-Brookes has dramatically intervened in a bid to single-handedly foil AGL Energy’s proposed demerger.

Mike Cannon-Brookes is on a tear with climate investments. Now he has succeeded in taking part ownership of one of Australia’s top energy companies.

Investment banking giant UBS could be banned from Papua New Guinea and forced to repay tens of millions as a Royal Commission uncovers questionable conduct.

Total signed an agreement with the Government of Papua New Guinea to proceed with the development of the $13bn Papua liquefied natural gas (LNG) project.

Russia’s aggression in Ukraine and China’s assertiveness in the Indo-Pacific signal an end to the benign geopolitical world order, says the government’s chief intelligence adviser Andrew Shearer.

Despite the losses on Wall St on Friday, the ASX has opened higher as we start a new week of trading. The S&P/ASX 200 index was up by 0.3% to 7,132.0 at...

The board of energy giant AGL has formally knocked back an increased bid from tech billionaire Mike Cannon-Brookes and asset manager Brookfield.

AGL chief Graeme Hunt says Brookfield and Mike Cannon-Brookes wanted to take the value that AGL could create from the energy transition for themselves. “They don’t want our shareholders to benefit from that value.”

Mike Cannon-Brookes has described AGL Energy’s demerger path as a “terrible outcome for shareholders, taxpayers, customers, Australia and the planet”. AGL Energy has rejected a revised off