Who’s tech tycoon-turned local weather activist Mike Cannon-Brookes – Instances of India

Atlassian Corp. co-founder Mike Cannon-Brookes‘s day job has catapulted him up the Bloomberg Billionaires Index for the reason that software program agency’s US itemizing in 2015. It is what he calls his night time and weekend work that is turned him right into a local weather crusader.
The marketing campaign by Australia’s fourth-richest individual to halt the breakup of utility AGL Vitality Ltd. is only one of a raft of initiatives and investments he is launched in recent times supposed 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 arrange Atlassian, a provider of work-collaboration software program, with pal Scott Farquhar after graduating from college, funding it with bank cards, in order that — Cannon-Brookes has claimed — he’d by no means need to put on a swimsuit to work. The Sydney-based agency went public in New York in Dec. 2015. Cannon-Brookes stays co-chief govt 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 by way of 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 free of charge. The venture’s success is seen as having strengthened the case for wider adoption of vitality storage batteries.
With iron ore billionaire Andrew Forrest, Cannon-Brookes signed as much as an early funding spherical in Solar Cable — an A$30 billion ($21.9 billion) venture which goals to export solar energy from Australia’s Outback to Singapore by way of 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 vitality 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 targets.
Earlier this 12 months, Grok joined an A$20 billion Brookfield Asset Administration-led takeover provide for AGL, which was rejected. The companions deliberate to rapidly exchange coal crops with clear vitality and storage capability, enabling the utility to hit internet zero emissions by 2035.
Is he more likely to go after different corporations?
It is doable, as Australia has different main polluters which were criticized for a laggard strategy on discount of emissions.
Grok has additionally invested in companies together with residence vitality effectivity firm Sealed, plant-based meat various producer Fable Meals Pty. and photo voltaic expertise developer SunDrive Photo voltaic. Cannon-Brookes has pledged to provide A$1.5 billion on to local weather causes.
What else does he spend money on?
He is purchased up luxurious actual property throughout his residence 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 Utah Jazz basketball membership and bought a stake within the South Sydney Rabbitohs, making him one of many rugby league crew’s most distinguished supporters alongside actor Russell Crowe and Australia’s new PM Anthony Albanese.

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