Biofuelwatch has written a new briefing: Why BlackRock should Divest from Biomass, starting with Drax PLC.
A message for shareholders outside Drax;s AGM 2019.
BlackRock is the world’s biggest asset manager, with over US$6.5 trillion in capital under its management. It holds 5% of Drax’s stock, making it one of Drax’s largest shareholders.
The briefing explains why biomass and Drax’s biomass plant is a dirty source of energy and why BlackRock why must divest from the company according to its own position on climate change.