Global ‘Green’ Investor Lobs $18 Billion Bid for Australian Energy Firm to Speed up Net-Zero

[Epoch-Times-Bot]

Global 'Green' Investor Lobs $18 Billion Bid for Australian Energy Firm to Speed up Net-Zero

One of the world’s largest “alternative” asset managers, Brookfield has lobbed an $18.4 billion (US$11.82 billion) takeover of one of Australia’s largest energy suppliers in a move likely to hasten the country’s net zero push.
Headquartered in Toronto, Brookfield Asset Management has put a combined bid along with its affiliates to buy out Sydney-based Origin Energy at $9.00 per share, a 54.9 percent premium on its share price on Nov. 9.
Brookfield currently has $80 billion invested in Australia and is promising an additional $20 billion.
“Brookfield has the global renewable power expertise and access to capital to support Origin’s transition strategy,” said Stewart Upson, CEO of Brookfield’s Asia Pacific....

Source: Global 'Green' Investor Lobs $18 Billion Bid for Australian Energy Firm to Speed up Net-Zero

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