Origin Energy shareholder Van Eck says it will vote in favour of Brookfield and EIG’s $20 billion takeover offer, but has flagged that the company will have to accelerate its decarbonisation plans regardless of the outcome.

Proxy voting – those cast ahead of a meeting of shareholders to decide whether the takeover proceeds – were due on Tuesday afternoon, amid intense lobbying from Origin, its suitors and their advisers. Despite this, the market expects the takeover not to gain enough support.