Opinion
Big super’s foiling of Brookfield’s Origin bid a win for petrostate of old
The spotlight is now on AustralianSuper to step up and provide a superior Australian new zero-emissions capacity and firming solution.
Tim BuckleyClean energy advocateAfter Origin Energy shareholders voted 67 per cent in favour of the Brookfield/EIG bid on Monday, falling short of the requisite 75 per cent approval, and with the Origin board already having rejected the conditional plan B offer, Brookfield might just walk away.
AustralianSuper, which has vociferously opposed this acquisition, seems content to hide behind the superannuation “sole purpose” test, apparently looking to maximise near-term profits while undermining the national interest by blocking a landmark capital injection to accelerate renewables deployment that would help solve the energy, cost of living and climate crisis trilemma hammering Australians.
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