Mike Cannon-Brookes, an Australian tech billionaire, recently bought an 11% stake in AGL, a huge energy company, for the stated intention of accelerating its transition away from coal. This was following two rejected takeover bids earlier this year.
the buying up plants idea is somewhat different idea to the buying mines idea. The main barrier there is that you are dealing with a highly regulated utility who has to ensure security of supply. The market to buy up coal plants is not an open one.
Mike Cannon-Brookes, an Australian tech billionaire, recently bought an 11% stake in AGL, a huge energy company, for the stated intention of accelerating its transition away from coal. This was following two rejected takeover bids earlier this year.
the buying up plants idea is somewhat different idea to the buying mines idea. The main barrier there is that you are dealing with a highly regulated utility who has to ensure security of supply. The market to buy up coal plants is not an open one.
Ah fair, thanks. I figured there might be a reason you didn’t mention it in passing.
I think your comment was a useful comparison anyways :)