Tech billionaire brings down breakup plan by Australia’s biggest polluter

SYDNEY—A tech billionaire hatched by Australia’s biggest polluter plans to turn his coal-fired power plants into a new company, handing a huge win to environmental activists who want a rapid shift toward clean energy.

Mike Cannon-BrooksAustralian co-founder of Nasdaq-listed atlassian corporation, first try To buy AGL Energy In February after joining Canada Brookfield Asset Management to force change. When repeated attempts to agree to a takeover were rejected, Mr. Cannon-Brooks bought more than 11% of AGL’s stock and followed the company’s plan to separate its retail electricity business from its production units. demanded a protest.