Atlassian co-founder Mike Cannon-Brooks predicts coal jobs will disappear within 20 years

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A billionaire co-founder of Atlassian has declared coal jobs will disappear within two decades.

Mike Cannon-Brookes, who lives in a $100million Point Piper mansion on Sydney Harbour, made the prediction during a Friday forum with federal Energy Minister Angus Taylor. 

‘You’re not all going to lose your jobs tomorrow, but we have to start from a position of honesty,’ he said.

‘Coal jobs are going away in the next 20 years.’ 

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A billionaire co-founder of Atlassian has declared coal jobs will disappear within two decades. Mike Cannon-Brookes lives in a $100million mansion on Sydney Harbour with his wife Annie

The 40-year-old workplace software entrepreneur is a campaigner for renewal energy along with Atlassian’s other co-founder Scott Farquhar, who is also his waterfront neighbour.

The billionaires and Young Rich List achievers last year vowed to run on 100 per cent renewable energy by 2025. 

Australia’s biggest exports to China

Iron ore: $65billion

Education: $40billion

Business services: $28billion 

Tourism: $26billion

Liquefied natural gas: $18billion 

Metallurgical coal: $10billion

Thermal coal: $7billion 

Source: A Westpac analysis of Australian Bureau of Statistics and Australian Bureau of Agricultural and Resource Economics and Sciences data

Mr Cannon-Brookes called on politicians to tell the mining industry it wasn’t viable, even though is coal is still one of Australia’a most lucrative exports. 

‘I would say honestly you don’t have a future,’ he said.

‘You don’t have a future. Twenty years from now you will not have a job.’

Australia’s mining industry employs 233,300 people or 1.9 per cent of Australia’s workforce, with not all of them involved in extracting coal.

Metallurgical and thermal coal exports to China were last year worth $$17billion, making this one of Australia’s most lucrative export to Australia’s biggest trading partner after iron ore, education and tourism. 

Despite that, Whitehaven Coal’s revenue fell by 30.8 per cent during the last financial year, as its net profit after tax dived by 94 per cent to $30million.

Mr Cannon-Brookes seized on this to say ‘they’re stuffed’. 

‘We need to create more jobs in other areas, yes, but we need to transition,’ he said.

Labor’s Opposition resources spokesman Joel Fitzgibbon, who represents the regional New South Wales coal mining electorate of Hunter, described Mr Cannon-Brookes as a ‘bit of a dreamer’.

‘Mike thinks if you just throw enough money at it, you can make things happen quicker. That is true. He’s a businessman,’ he said.

‘The question becomes “whose money?”.’ 

Mike Cannon-Brookes, who lives in a $100million Point Piper mansion on Sydney Harbour, made the prediction during Friday forum with Energy Minister Angus Taylor. Pictured is his Fairweather mansion

Mike Cannon-Brookes, who lives in a $100million Point Piper mansion on Sydney Harbour, made the prediction during Friday forum with Energy Minister Angus Taylor. Pictured is his Fairweather mansion

Mr Cannon-Brookes certainly has a lot of money with The Australian Financial Review’s Young Rich List estimating his wealth at $13.5billion – making his the richest entrepreneur under 40. 

‘I have a good record of getting s**t done alongside the dreaming and I will continue to do that,’ he said in response to Mr Fitzgibbon.

Mike Cannon-Brookes and his wife Annie have just bought a Sydney northern beaches mansion previously owned by former Miss Universe Jennifer Hawkins and her model husband Jake Wall for a record $24.5million.

The four-level waterfront house at Newport surpassed the previous record for a house sale in the area set in February by half a million dollars. 

Metallurgical and thermal coal exports to China were last year worth $$17billion, making this one of Australia's most lucrative export to Australia's biggest trading partner after iron ore, education and tourism. Pictured are Centennial Coal miners from Myuna south of Newcastle

Metallurgical and thermal coal exports to China were last year worth $$17billion, making this one of Australia’s most lucrative export to Australia’s biggest trading partner after iron ore, education and tourism. Pictured are Centennial Coal miners from Myuna south of Newcastle

Renewable energy is a politically fraught issue with Labor losing last year’s election after former Opposition Leader Bill Shorten campaigned for a 50 per cent renewable energy target by 2030.

Labor suffered a 14.2 per cent swing, on primary votes, against it in Mr Fitzgibbon’s Hunter electorate, which the ALP has held uninterrupted since 1910. 

The ALP also haemorrhaged votes in the north and central Queensland seats of Dawson and Capricornia, after former Greens leader Bob Brown led a convoy to protest against Indian miner Adani’s proposed Carmichael project.  

Mike Cannon-Brookes and his wife Annie have just bought a Sydney northern beaches mansion previously owned by former Miss Universe Jennifer Hawkins and her model husband Jake Wall for a record $24.5million

Mike Cannon-Brookes and his wife Annie have just bought a Sydney northern beaches mansion previously owned by former Miss Universe Jennifer Hawkins and her model husband Jake Wall for a record $24.5million

The four-level waterfront house at Newport surpassed the previous record for a house sale in the area set in February by half a million dollars

The four-level waterfront house at Newport surpassed the previous record for a house sale in the area set in February by half a million dollars

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