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AGL Energy has abandoned a plan to spin off its coal-fired power plants and its chief executive and chair resigned after tech billionaire and climate activist Mike Cannon-Brookes bought shares in the company in an effort to block the restructure. The Australian company said on Monday that it believed Cannon-Brookesâs attempt to persuade shareholders with at least 25 per cent of voting power to oppose the demerger at a vote next month had been successful, leaving the plan unviable. AGLâ...
>>> Read more: AGL scraps demerger as chief executive and chair quit after climate campaign
>>> Read more: AGL scraps demerger as chief executive and chair quit after climate campaign
