Who Is Tech Tycoon Turned Local weather Activist Mike Cannon-Brookes?


By Bloomberg   IST (Printed)

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The marketing campaign by Australia’s fourth-richest particular person to halt the breakup of utility AGL Power Ltd. is only one of a raft of initiatives and investments he’s launched in recent times meant to hurry up motion to curb emissions, and geared toward seizing alternatives because the world decarbonizes.

Atlassian Corp. co-founder Mike Cannon-Brookes’s day job has catapulted him up the Bloomberg Billionaires Index because the software program agency’s US itemizing in 2015. It’s what he calls his evening and weekend work that’s turned him right into a local weather crusader.

The marketing campaign by Australia’s fourth-richest particular person to halt the breakup of utility AGL Power Ltd. is only one of a raft of initiatives and investments he’s launched in recent times meant to hurry up motion to curb emissions, and geared toward seizing alternatives because the world decarbonizes.

What has his profession concerned?

The 42-year-old setup Atlassian, a provider of work-collaboration software program, with buddy Scott Farquhar after graduating from college, funding it with bank cards in order that Cannon-Brookes has claimed he’d by no means must put on a go well with to work. The Sydney-based agency went public in New York in Dec. 2015. Cannon-Brookes stays co-chief government officer and is chairman of Australian funding agency Blackbird Ventures.

How has he campaigned for local weather motion?

Cannon-Brookes’s activism got here into public view in 2017 when he challenged Elon Musk through Twitter to assist repair energy failures in South Australia by putting in a 100-megawatt Tesla Inc. battery plant on the time the world’s largest and do it inside 100 days or full the work without spending a dime. The mission’s success is seen as having strengthened the case for wider adoption of power storage batteries.
With iron ore billionaire Andrew Forrest, Cannon-Brookes signed as much as an early funding spherical in Solar Cable, a A$30 billion ($21.9 billion) mission which goals to export solar energy from Australia’s Outback to Singapore through a 2,600-mile high-voltage undersea cable. He beforehand tangled with former Prime Minister Scott Morrison over Australia’s dedication to renewables, and likewise backed plans to create a million jobs in inexperienced power within the nation.

Is AGL his first activist marketing campaign?

In 2019, his private workplace Grok Ventures joined different buyers in BHP Group in demanding the world’s high miner droop ties with trade teams seen as hindering local weather change objectives. Earlier this 12 months, Grok joined a A$20 billion Brookfield Asset Administration-led takeover provide for AGL, which was rejected. The companions deliberate to rapidly exchange coal vegetation with clear power and storage capability, enabling the utility to hit web zero emissions by 2035.

Is he prone to go after different corporations?

It’s attainable, as Australia has different main polluters which have been criticized for a laggard strategy to emissions discount. Grok has additionally invested in companies together with dwelling power effectivity firm Sealed, plant-based meat various producer Fable Meals Pty. and photo voltaic know-how developer SunDrive Photo voltaic. Cannon-Brookes has pledged to present A$1.5 billion on to local weather causes.

What else does he put money into?

He’s purchased up luxurious actual property throughout his dwelling state of New South Wales, together with a number of waterfront mansions in Sydney. Different notable company investments have been in sporting golf equipment. Cannon-Brookes is a minority proprietor of the Utah Jazz basketball membership and bought a stake within the South Sydney Rabbitohs, making him one of many rugby league group’s most distinguished supporter alongside actor Russell Crowe and Australia’s new PM Anthony Albanese.



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