Biomass sourcing and compliance are at the centre of the inquiry
Key moments
Next15 to shut troubled American business
Ex-WH Smith director defers appointment to Greggs board
US exports rise in July after tariff deal
19 minutes ago
UK’s biggest power station faces investigation over greenwashing claims
UK power company Drax investigated over source of ‘renewable’ fuel
FCA opens UK investigation into Drax annual reports
Major British windfarm operator in crisis after Trump axes key deal
Probe into Ed Miliband-backed power station
Financial Conduct Authority launches investigation into Drax over its biomass ‘sourcing’
The Financial Conduct Authority said it had not found evidence that justified any further action.
Move by UK watchdog FCA relates to historical statements on wood pellets for power station from January 2022 to March 2024
Stock market news and latest business and finance updates from Friday
Probe follows allegations made by energy group’s former top lobbyist
Lincolnshire plant the latest to sound alarm amid decline of UK industry
