Tuesday, October 21, 2014

[Biofuelwatch] Action alert! Tell the Green Investment Bank: don't fund MGT Power's huge biomass plant!

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Action alert! Tell the Green Investment Bank: don't fund MGT Power's huge biomass plant!

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Please join us in telling the Green Bank not to fund MGT Power's Tees biomass power station

Take part here!

The Green Investment Bank (GIB) is celebrating its 2nd birthday next week, and we've called for a protest to coincide with it. Thanks to your help, our recent campaigns to stop the GIB financing the big-biomass power stations at Avonmouth, Grangemouth, and Rosyth have been successful, with the GIB having refrained from funding any of these projects so far.

But the battle to end the GIB's investments in big biomass and waste incineration continue: our next aim is to make sure that the GIB doesn't step in to save MGT Power and their consented 300MW power station on Teesside, which, if built, will be over four times bigger than the current largest dedicated biomass plant in the UK and swallow up a massive 2.7 million tonnes of woodchip a year (roughly 5 million tonnes of green wood) - that's equivalent to half of the UK's annual wood production! Most of this though will be imported from North America where highly-biodiverse wetland forests and old-growth woodland are under threat from the biomass electricity industry.

We can't allow the Green Bank to use public funds to support this scheme. The Department for Energy and Climate Change have already guaranteed MGT Power up to £190 million a year in subsidies if the plant is built, but the plant can't go ahead unless it attracts millions more in finance. The GIB could hold the key to making this happen - please support us in calling for the GIB to steer clear of MGT Power.

For more information on our GIB campaigns, please see Banking on Big Biomass.

GIB birthday protest: please join us in London on the 28th October to mark the Green Investment Bank's 2 years of dirty investments in Biomass and Waste for Energy. Biofuelwatch and the London Biomassive are hosting an alternative street party - with cake!
2014 Biofuelwatch Get in touch: biofuelwatch@ymail.com


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