Cannon-Brookes Brokers a Deal with AGL
AGL Energy, Australia’s largest electricity generator and polluter, abandoned plans to spin-off its coal assets after tech billionaire Mike Cannon-Brookes bought shares to help block the move. It was a continuation of a trend we are seeing: the offloading or spinning off of pollutive assets away from the parent company. We discuss AGL’s attempt, this offloading trend, and where the company goes from here.
Related content:
ESG Trends: Private-Company Emissions Under Public Scrutiny
MSCI’s Net-Zero Hub
Host: Mike Disabato; MSCI ESG Research
Guests: Elchin Mammadov, Harlon Tufford; MSCI ESG Research
