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    Drax Group PLC

    • Monday, 24 March, 2025
      UK business
      Drax whistleblower thanks hedge fund head Bacon after settling case

      Energy company’s former top lobbyist received ‘essential support’ from investor after raising concerns about biomass sourcing

      Cooling towers at Drax power station
    • Thursday, 6 March, 2025
      Drax ‘misled government’ over sourcing of wood for biomass, says ex-lobbyist

      Rowaa Ahmar was head of public affairs at the energy company and is taking an unfair dismissal case against it

      The Drax biomass power station near Selby, UK
    • Thursday, 13 February, 2025
      John Gapper
      Drax’s power is not really green — but Britain needs it

      The UK government’s deal to retain the biomass electricity generating station is a painful but necessary compromise

      Rows of houses with solar panels on their roofs stand in front of the Drax power plant in Selby, with its cooling towers emitting steam into the sky
    • Monday, 10 February, 2025
      Drax UK power station to receive more government subsidies

      New deal will allow Yorkshire-based plant to continue operating beyond 2027 but reduces support

      An aerial view of the Drax Biomass Power Station in Selby, UK
    • Wednesday, 22 January, 2025
      Biomass
      Drax lobbied Canada for intervention on EU forest protection measures

      Protection rules for old growth and primary forests questioned by UK energy group fuelled by wood pellets

      The Drax Power Station, near Selby in North Yorkshire
    • Wednesday, 16 October, 2024
      UK power stations burnt wood from old forest areas, Drax emails show

      Internal review acknowledges pellets ‘highly likely’ to have come from ecologically important areas in Canada

      Drax’s coal-fired power station in Drax, England in October 2021
    • Tuesday, 24 September, 2024
      Drax commits $12.5bn for US power plants as group is lured by IRA tax breaks

      UK electricity company’s investment comes as US economy faces energy supply crunch from AI demands

      Residential housing in the village of Drax, near the Drax Power Station
    • Thursday, 29 August, 2024
      Drax sustainability ruling clears path for subsidy extension

      UK’s biggest power station to pay £25mn for historic data failings but Ofgem probe finds no evidence of environmental breaches

      The Drax power station with a rape seed field in the foreground
    • Tuesday, 14 May, 2024
      Shipping
      Arise, bioship

      Back to the future

    • Wednesday, 24 January, 2024
      LexEDF
      EDF’s UK nuclear woes may prove timely for Drax Premium?content

      Investing in Drax is not for the faint-hearted, with political announcements knocking the share price

      Workers at the construction site of the Hinkley Point C nuclear power plant
    • Wednesday, 24 January, 2024
      UK energy
      UK cannot prove sustainability of biomass power plants, warns watchdog

      Government has failed to evaluate industry carbon footprint claims, says NAO

      A protester holds an anti-Drax placard
    • Thursday, 18 January, 2024
      UK energy
      UK prepares to extend subsidy for Drax biomass power station

      Ministers plan for bill-payers to continue paying levy beyond 2027 deadline despite criticism from green campaigners

      Generators and turbo alternators operate to produce biomass fuel in Drax’s power station near Selby
    • Friday, 8 September, 2023
      Investments
      Manifold sells before CRH listing switch to New York

      Building materials chief receives €3mn

      Employees at work on a US hotel project
    • Wednesday, 28 June, 2023
      UK energy
      Drax rules out keeping UK coal plants open this winter

      Power group’s decision comes despite government request to maintain North Yorkshire facility

      Aerial image of Drax power station
    • Thursday, 15 June, 2023
      UK energy
      UK’s National Grid in talks with Drax to keep coal plant online

      Electricity network operator seeks deal with UK power company amid concerns over more energy market shocks

    • Wednesday, 31 May, 2023
      Drax faces formal investigation over wood pellets burnt for power

      Shares in energy group weaken after regulator Ofgem escalates probe it began last year

      Biomass fuel storage tanks in the Drax power station near Selby, UK
    • Wednesday, 31 May, 2023
      Moral Money
      The coming crackdown on the ESG ratings industry Premium?content

      Also in today’s newsletter, UK power provider Drax crosses the Atlantic

      Sacha Sadan, head of environmental, social and governance issues at the UK’s Financial Conduct Authority, speaking at the Moral Money Europe Summit
    • Tuesday, 23 May, 2023
      UK power group Drax in US push to take advantage of green tax credits

      Company to spend $4bn on two new biomass plants in southern US with potentially more to follow

      Biomass domes at Drax Power Station in North Yorkshire, England
    • Wednesday, 26 April, 2023
      Drax faces probe over sustainable biomass claims

      Ofgem commissions external audit into whether energy company complied with UK rules

    • Thursday, 30 March, 2023
      Lex
      Drax: fears over crucial carbon capture project upset market Premium?content

      Rollercoaster ride follows failure of carbon capture project to make it on to UK government’s priority list

    • Monday, 12 December, 2022
      UK energy
      ‘Contingency’ coal plants stood down after first big test of UK’s resilience

      National Grid says power supply situation has improved after icy weather disrupts travel and closes schools in parts of country

      A general view of the Drax power station in Selby, England
    • Thursday, 11 August, 2022
      Lex
      Drax/Kwarteng: biomass is a bad solution to renewables challenge Premium?content

      The UK should focus on energy that is unequivocally renewable: wind and solar

      Generators and turbo alternators to produce biomass fuel in a Drax power station near Selby
    • Thursday, 11 August, 2022
      UK energy
      UK minister questions sustainability of Drax biomass fuel

      Kwarteng says shipping wood pellets from Louisiana is costly and ‘doesn’t make any sense’

    • Wednesday, 10 August, 2022
      UK energy
      UK energy groups under pressure to use windfall profits for green investment

      Ministers Zahawi and Kwarteng to meet power executives to discuss remedies for soaring household bills

      Consumer with energy bill
    • Wednesday, 3 August, 2022
      Moral Money
      Determining what’s ‘green’ is harder than it seems Premium?content

      Plus, how many high-polluting companies slide by in the bond market

      Smoke rises from the cooling towers of a power station at night, illuminated by blue and yellow lights
    Previous page1Next page

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