32 organisations worldwide call on BlackRock to drop Drax

Originally published by Biofuelwatch A coalition of 32 environmental organisations worldwide has sent a letter to the world’s largest asset manager, BlackRock, asking it to divest from Drax Plc, owner of the world’s largest wood-burning power station in the UK, and to clarify its position on biomass energy. BlackRock is Drax’s joint third largest shareholder, holding a 5% stake in the company. While biomass energy is promoted by the industry and the UK government as a cleaner alternative to coal, …