We don’t see this often: An investor with very deep pockets, Mike Cannon-Brookes, bought 11 per cent of Australia’s AGL Energy to oppose a demerger proposal that would keep the utility company’s coal plants running for decades. “The demerger makes no sense, or cents,” Mr Cannon-Brookes said in a Twitter post. “We believe it destroys value for everyone — shareholders, employees, Australia and the planet.”
Meanwhile, in India, state-owned NTPC said it plans to begin work on the construction of a new coal power plant, despite it being faster, cheaper and cleaner to build solar or wind.
“The country has seen record
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