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    Drax Group PLC

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    • 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
    • Friday, 13 May, 2022
      Investments
      Directors’ Deals: Drax chief recycles shares into cash

      Adjusted earnings expected to be at top end of expectations

    • Wednesday, 13 April, 2022
      Biomass
      Biomass industry lobbies to weaken proposed EU woodland protection

      Producers of wood-based fuels including Drax have objected to classifying some forest areas as ‘no go’ for harvesting trees

      Generators and turbo alternators operate to produce biomass fuel in Drax Group Plc’s power station near Selby
    • Sunday, 2 January, 2022
      Energy sector
      Climate change and the battle for Canada’s forests

      In British Columbia, a hub of biomass production, activists want stricter controls to protect ancient trees

      An ancient western red cedar tree on Vancouver Island, British Columbia
    • Wednesday, 1 December, 2021
      Drax accelerates push to biomass

      UK power company says it aims to double pellet production despite critics

      Generators and turbo alternators operate to produce biomass fuel at Drax’s power station near Selby, UK
    • Monday, 25 October, 2021
      Drax faces complaint about ‘misleading’ biomass emission claims

      Campaigners say power station wrongly portrays burning wood pellets as carbon neutral

      Cooling towers at sunset
    • Thursday, 23 September, 2021
      UK energy
      Drax could delay retirement of UK coal power plants if requested

      Generators have been called back into action to help plug energy supply gap

      The Drax power station in North Yorkshire
    • Friday, 2 July, 2021
      Climate change
      Drax executive quits UK climate committee after conflict questions raised

      Position called into question as energy group sought government subsidies

    • Monday, 1 March, 2021
      Drax to seek approval for ‘negative emissions’ energy project

      Group plans to capture CO2 emitted from biomass units at power plant in North Yorkshire

    • Thursday, 25 February, 2021
      Drax drops plan to build Europe’s biggest gas plant

      Yorkshire project scrapped after opposition from environmental groups

    • Sunday, 21 February, 2021
      Inside BusinessJonathan Ford
      The creative climate accounting of biomass

      The technology’s green credentials depend on questionable assumptions about the future

    • Monday, 8 February, 2021
      City Bulletin
      Drax buys Canadian wood pellet supplier for £226m Premium content

      Boohoo snaps up Arcadia brands and Experian denies Brazilian data breach

    • Monday, 29 June, 2020
      UK energy
      Hydro plants first line of defence in battle to keep Britain’s lights on

      Welsh and Scottish power stations play critical role in balancing power supplies in coronavirus crisis

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