Drax Shareholders Revolt For All The Wrong Reason.

Drax has been in the news this week, such as in the FT.

It is all about how the company shareholders are in revolt about what the directors are getting paid.

A report in Utilityweek mentions this issue:

‘ Almost a fifth of shareholders at Drax rejected a motion to approve its remuneration report increasing executive pay during the company’s annual general meeting yesterday (17 April). ‘

Followed by an almost throw away line which states: –

‘A protest organised by Biofuelwatch was held outside the AGM and Drax’s power station in Yorkshire yesterday.’


It’s a pity that most activist publicity only mentioned the protest outside the plant, and not the one outside the agm.

Perhaps with more notice, it might be possible to organise a trip to chat to the company shareholders at next years agm.