logo
On this day in 2024: 'Hit the Road Drax' sung at London protest

On this day in 2024: 'Hit the Road Drax' sung at London protest

Yahoo01-05-2025

On this day in 2024, the York Press reported that climate protesters had targeted North Yorkshire energy firm Drax at its annual shareholder meeting.
Broadcaster Chris Packham and members of the Axe Drax campaign group gathered outside the meeting at 133 Houndsditch in the City of London on April 25, 2024.
The firm, which runs a power station near Selby in North Yorkshire and burns wood pellets to generate electricity, "has been accused of causing environmental destruction and pollution across its supply chain," in the words of a reporter for this paper.
As the meeting began, chief executive Will Gardiner and chairwoman Andrea Bartone were repeatedly interrupted by protesters who were then carried from the room by security.
The chaotic scene saw people trying to storm the stage and delivering a choir rendition of 'Hit the Road Drax.'
Ahead of the Drax AGM, Mr Packham said: "In a global biodiversity crisis, you cannot justify felling and transporting wood from some of the planet's most precious natural resources."
Krystal Martin, a resident of Gloster, Mississippi, where Drax operates a pellet plant, travelled from the US to the UK for the meeting to confront Mr Gardiner.
Ahead of the meeting, she said: "We are tired of false promises and being ignored.
"People in my town are being harmed and we want the UK government to wake up and pay attention.
'If they give Drax more money, more people will be harmed.
"They must listen to us now before it's too late."
In a statement, a Drax spokesperson said: "AGMs are the cornerstone of shareholder democracy.
"Unfortunately, some activists, who set out to disrupt the event and intimidate attending shareholders and Drax employees, were removed or prevented from attending the meeting.
"Safety and environmental compliance are our top priority.
"Drax is committed to ensuring the biomass we source delivers positive outcomes for the climate, for nature, and for the communities in which we operate.
"Safety and environmental compliance are our top priority."
More information about Drax is available at https://www.drax.com/

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US unveils city-destroying nuclear missile after years of secrecy
US unveils city-destroying nuclear missile after years of secrecy

Miami Herald

time3 days ago

  • Miami Herald

US unveils city-destroying nuclear missile after years of secrecy

By Dean Murray The United States has unveiled its city-destroying nuclear cruise missile after years of secret development. The first image of the AGM-181A Long-Range Standoff (LRSO) reveals a sleek, stealthy weapon designed to evade modern air defenses, with a range said to exceed 1,500 miles. It is thought the missile will have an adjustable nuclear yield between 5–150 kilotons, allowing uses ranging from tactical effect to destroying cities. A yield of 150 kilotons is 10 times more powerful than the bomb dropped on Hiroshima in August 1945. The LRSO is set to replace the Cold War-era AGM-86B and will be carried by both the forthcoming $585m B-21 Raider and upgraded B-52 bombers. Air Force officials confirmed that the LRSO has already undergone a series of successful flight tests is set for frontline service by 2030. The post US unveils city-destroying nuclear missile after years of secrecy appeared first on Talker. Copyright Talker News. All Rights Reserved.

Second Independent Proxy Advisor Glass Lewis Recommends ASA Gold and Precious Metals Shareholders Vote FOR Saba Capital's Proposals to Expand the Board
Second Independent Proxy Advisor Glass Lewis Recommends ASA Gold and Precious Metals Shareholders Vote FOR Saba Capital's Proposals to Expand the Board

Business Wire

time4 days ago

  • Business Wire

Second Independent Proxy Advisor Glass Lewis Recommends ASA Gold and Precious Metals Shareholders Vote FOR Saba Capital's Proposals to Expand the Board

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, 'Saba'), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) ('ASA' or the 'Fund') with 17.2% ownership of the Fund's outstanding shares, today announced that a second leading proxy advisory firm, Glass, Lewis & Co. ('Glass Lewis'), has recommended shareholders vote FOR the expansion of ASA's Board of Directors (the 'Board') to five members and FOR the election of independent director candidate Maryann Bruce at the June 13 th Special Meeting of Shareholders. Institutional Shareholder Services Inc. ('ISS') also recently recommended in favor of both of Saba's proposals. In its full report, Glass Lewis outlined its significant governance concerns regarding the actions of legacy directors Mary Joan Hoene and William Donovan and criticized their repeated adoption of poison pills, writing: 1 'The adoption of multiple consecutive rights plans, each immediately following the expiration of the previous one, undermines confidence in the board's willingness to comply with both the spirit and letter of the law.' 'The continued use of poison pills under these conditions raises material governance concerns that underscore the need for independent oversight and board rebalancing.' 'In our view, while concerns about activist-driven change warrant careful scrutiny, they do not justify recurring violations of regulatory or court guidance or the exclusion of validly elected board members from fundamental decision-making processes.' '…the continued use of shareholder rights plans by a board committee composed solely of Legacy Directors, even after adverse legal rulings, raises significant governance concerns that we believe warrant shareholder attention and correction at this juncture.' Glass Lewis also highlighted Maryann Bruce's extensive qualifications and the value she would deliver to the Board as an independent director committed to upholding strong governance principles, stating: 'In our view, her credentials meet, if not exceed, the bar typically expected for public fund trustees and suggest that she would be capable of adding substantial value in a fiduciary role. It's also notable that none of Axel Merk's public materials appear to raise any specific concerns regarding Ms. Bruce's background, experience and qualifications.' '…we find no evidence suggesting that Ms. Bruce lacks independence or would be beholden to Saba Capital's agenda. On the contrary, her public statements suggest a clear intent to bridge the current divide and uphold core governance principles.' '…Ms. Bruce brings an appropriate mix of fund governance expertise, fiduciary experience, and independence to help resolve the present impasse and guide the Fund through its next phase.' 'We believe the nomination of Maryann Bruce as an independent fifth director represents a reasonable and well-structured path to restore board functionality ahead of the 2025 AGM, without preempting shareholder input on longer-term strategic matters.' Glass Lewis also emphasized the importance of Maryann Bruce's role to break the current Board deadlock and highlighted her public commitment not to pursue any strategic changes unless they are approved by shareholders at the next Annual Meeting: '…Ms. Bruce has publicly committed to serving only through that meeting and has stated she will not seek to alter the Fund's investment strategy or terminate the current investment adviser during that period.' 'She has also emphasized that decisions of consequence should be made only by the full board and that any consideration of strategic change – such as replacing Merk as the Fund's investment adviser – would only occur after shareholder endorsement at the next AGM and following a thorough review.' '…Ms. Bruce has publicly emphasized her role as an independent director who will act as a neutral facilitator to break the current deadlock. Shareholders will retain full authority to assess and vote on any future strategic platform at the Fund's 2025 AGM scheduled for later this year.' Boaz Weinstein, Founder and Chief Investment Officer of Saba, commented: 'Two leading proxy advisors have now highlighted the deep governance failures of ASA's legacy directors, Mary Joan Hoene and William Donovan. From breaking federal law to silencing the voices of their fellow directors, Hoene and Donovan have gone to extreme lengths to disenfranchise shareholders. If they're not held accountable now, where does it end? ISS and Glass Lewis agree, the solution is clear: we must return the Board to five members and appoint Maryann Bruce as an independent director committed to strong governance. We urge ASA shareholders to vote for Saba's proposals on the GOLD proxy card to bring independent oversight to the Board and protect the rights of all shareholders. Despite Axel Merk's attempts to mislead shareholders, Friday's vote is simply about restoring board function and ensuring ASA holds its annual meeting. It is not a vote on changing the Fund's strategy or advisor – something both ISS and Glass Lewis recognized.' Shareholders should vote on the GOLD proxy card today FOR both proposals. Saba Capital Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group of clients. Founded in 2009 by Boaz Weinstein, Saba is a pioneer of credit relative value strategies and capital structure arbitrage. Saba has offices in New York City and London. Learn more at 1 Permission to quote Glass Lewis was neither sought nor obtained.

Air Force may revive shelved ARRW hypersonic program
Air Force may revive shelved ARRW hypersonic program

Yahoo

time6 days ago

  • Yahoo

Air Force may revive shelved ARRW hypersonic program

The Air Force wants to revive its shelved AGM-183A Air-launched Rapid Response Weapon, or ARRW, hypersonic program — and perhaps move it into the procurement phase. Air Force Chief of Staff Gen. David Allvin told lawmakers in a hearing last week that the service wants to include funding for both ARRW and the Hypersonic Attack Cruise Missile, or HACM, in the fiscal 2026 budget proposal. 'We are looking, and have in the budget submission — assuming it's what we had put forward — two different [hypersonic] programs,' Allvin told the House Armed Services Committee on Thursday. 'One is a larger form factor that is more strategic long-range that we have already tested several times. It's called ARRW, and the other one is HACM.' Hypersonic weapons are capable of traveling at more than five times the speed of sound and maneuvering midflight, making them harder to track and shoot down than conventional ballistic missiles and more capable of penetrating enemy defenses. China and Russia have invested heavily in hypersonic research and touted their advancements, with Russia even using hypersonic weapons in Ukraine. Those nations' successes have worried top lawmakers and Pentagon leaders and increased pressure on U.S. military services to produce their own hypersonic capabilities. The Air Force once saw ARRW, a boost-glide weapon made by Lockheed Martin, as a promising option for developing hypersonic weapons that could catch up with China's and Russia's programs. But after unsuccessful tests in late 2022 and early 2023, ARRW's future was in doubt. Andrew Hunter, then-acquisition chief, told lawmakers in March 2023 that the Air Force did not plan to buy ARRW missiles after its prototyping phase ended, spelling major trouble for the program. The Air Force's budget request for fiscal 2025, which was released in March 2024, included no funding for procurement or research and development for ARRW. The service concluded the prototype phase for ARRW in 2024. But in his comments to lawmakers last week, Allvin said the service wanted to move both ARRW and HACM beyond research and development and 'into the procurement range in the very near future.' 'We are accelerating in our development not only of the technology, but of the procurement of the capabilities that it will create,' Allvin said. Now that the Air Force has matured its hypersonic technology, it must focus on lowering costs and getting the systems into production, Air Force Secretary Troy Meink told lawmakers in the same hearing. 'It's got to be affordable,' Meink said. 'We've got to be able to buy more than 10 of these things. A big focus right now is ramping up the production and lowering the cost so we can get enough of that kit to actually make a difference.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store