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 ScrutinyMSCI’s Net-Zero HubHost: Mike Disabato; MSCI ESG ResearchGuests: Elchin Mammadov, Harlon Tufford; MSCI ESG Research