|
|
|
21.06.25 - 12:48
|
Ancient trees are shipped to the UK, then burned – using billions in ′green′ subsidies. Stop this madness now | Dale Vince (The Guardian)
|
|
|
The evidence against the Drax power station is damning, yet the government wants to continue its massive public fundingHow green is this? We pay billions of pounds to cut down ancient forests in the US and Canada, ship the wood across the Atlantic in diesel tankers, then burn it in a Yorkshire-based power station.Welcome to the scandal of Drax, where Britain's biggest polluter gets to play climate hero. The reality is that billions in public subsidies has enabled Drax to generate electricity by burning 300m trees. Now the government is trying to force through an extension that would grant Drax an estimated £1.8bn in public subsidies on top of the £11bn it has already pocketed, keeping this circus going until at least 2031.Dale Vince is a green energy industrialist and campaignerDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading......
|
|
|
|
|
|
|
02.06.25 - 13:42
|
Calls for Drax to be forced to fully disclose its biomass sourcing (The Guardian)
|
|
|
Campaigners say the publication of key KPMG report must be a condition to MPs extending subsidies schemeThe owner of the Drax wood-burning power station should be forced to disclose full details of its tree consumption, campaigners have argued, as MPs review the billions in renewables subsidies the North Yorkshire plant receives.A delegated legislation committee will decide on Monday whether to pass the government's plans to extend billpayer-funded subsidies to the country's biomass power generators, of which Drax is by far the biggest. Continue reading......
|
|
|
|
|
|
|
|
|
|
|
|
|
01.05.25 - 17:12
|
Drax abandons UK shareholder AGM after protest by environmental activists (The Guardian)
|
|
|
Demonstrators were forcibly removed as two shareholders disputed energy company's claim of 'aggressive disruption'The owner of the Drax power plant has abandoned its annual shareholder meeting after a confrontation with activists who staged a protest against burning trees to generate electricity.The Guardian understands that between 10 and 20 activists were forcibly removed from the London venue after challenging the board of the FTSE 250 energy company on its use of woody biomass at its North Yorkshire power plant. Continue reading......
|
|
|
|
|
|
|
|
|
|
|
25.04.25 - 06:18
|
Drax needs a better policeman (The Guardian)
|
|
|
Public confidence in the UK biomass industry is low – robust checks are needed to ensure every wood pellet its power plant burns is sustainableEven government ministers sounded embarrassed in February when they threw yet more subsidies at Drax, recipient of £6.5bn to date, to keep its wood-burning power plant open until 2031. Few people think the biomass industry can survive in the long term unless as-yet-untested carbon capture technology can be installed.But the bizarre business of importing wood pellets from the US and Canada for incineration in North Yorkshire was given an extension because the UK's power system, now more reliant on wind and solar generation, also needs firm “dispatchable” power that can be turned on and off in a hurry. Continue reading......
|
|
|
25.04.25 - 01:06
|
MPs question value of billions in subsidies granted to Drax power plant (The Guardian)
|
|
|
Spending watchdog warns £6.5bn in funding may not offer value for public money amid ongoing sustainability concernsA government spending watchdog has questioned the value of the multi-billion pound subsidies granted to the Drax power plant in North Yorkshire – and said that plans to hand over billions more may not represent value for money.The government has provided about £22bn of public money to businesses and households that burn biomass pellets as fuel over the past three years, including £6.5bn for the owner of the Drax plant. Continue reading......
|
|
|
|
|
|
|
|
|
25.03.25 - 09:36
|
Drax To Acquire HEIT (AFX)
|
|
|
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The board of each of Drax Bidco and HEIT have reached agreement on the terms of a recommended cash acquisition pursuant to which Drax Bidco, a wholly-owned sub......
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
