Financial Conduct Authority launches investigation into Drax over its biomass ‘sourcing’
Financial Conduct Authority launches investigation into Drax over its biomass ‘sourcing’
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Move by UK watchdog FCA relates to historical statements on wood pellets for power station from January 2022 to March 2024
Drax, which was once the UK's largest coal-fired power plant, imports millions of tonnes of wood pellets from Canada every year.
Energy company Drax yesterday revealed that the FCA had launched a probe into 'certain historical statements' regarding the…
The Financial Conduct Authority said it had not found evidence that justified any further action.
Company publicly denied allegations that primary forests were being cut down to fuel UK’s biggest power plant
Drax to focus on powering AI in effort to keep Yorkshire timber-fired generator open
