Atlassian billionaire Mike Cannon-Brookes admits | Australian Markets

Australian billionaire and ardent climate change campaigner Mike Cannon-Brookes has defended his buy of a ritzy new non-public jet, admitting to a “deep internal conflict” over the carbon-heavy methodology of journey.

The Atlassian co-founder and CEO has picked up a Bombardier 7500 and can use it to journey throughout his huge business operations, which incorporates a minority stake in US basketball workforce Utah Jazz and a sponsorship deal with Formulation 1.

In a assertion posted to Linkedin, Mr Cannon-Brookes confirmed the acquisition of the jet and acknowledged it will be a “carbon-intensive” technique to journey.

“I’m not denying I have a deep internal conflict on this,” he stated.

“There’s a couple of reasons I’ve purchased a plane.

“Personal security is the primary reason (an unfortunate reality of my world) but also so I can run a global business from Australia, and still be a constantly present dad.

“So, this is a hard, continual trade-off I’ve decided to make.

“Although private aviation is far from a big contributor to global emissions, it is a carbon-intensive way to travel.”

The Bombardier 7500 boasts GE Passport engines, a most vary of 7700 nautical miles, a high mach velocity of 0.925 and might carry up to 19 passengers.

Mr Cannon-Brookes stated he would “far exceed” his carbon flight footprint with “an extremely rigorous carbon regime”, together with the use of direct air seize and sustainable fuels.

“These options aren’t practical for commercial flights but are viable privately,” he stated.

“This means my flights actually have a net negative carbon footprint.

“My commitment to climate is as strong as ever. I’m still pretty damn focused on making an impact at a large scale, removing huge volumes of emissions through active investments and philanthropy … and have the proud scars to prove it.”

Mr Cannon-Brookes boasts an estimated web price of some $22bn.

He’s a key investor in SunCable’s giant Australia-Asia PowerLink project, which hopes to funnel power from photo voltaic farms within the Northern Territory to Singapore by way of an subsea energy cable.