Financial Conduct Authority launches investigation into Drax over its biomass ‘sourcing’

Financial Conduct Authority launches investigation into Drax over its biomass ‘sourcing’

Move by UK watchdog FCA relates to historical statements on wood pellets for power station from January 2022 to March 2024

Energy company Drax yesterday revealed that the FCA had launched a probe into 'certain historical statements' regarding the sourcing of wood pellets used in its biomass plant.