Shares have plunged on reports of an FCA probe into the power generator’s already controversial biomass pellets
Regulator to probe allegations energy group made misleading statements over sourcing of wood for biomass pellets
Energy company’s former top lobbyist received ‘essential support’ from investor after raising concerns about biomass sourcing
Rowaa Ahmar was head of public affairs at the energy company and is taking an unfair dismissal case against it
The UK government’s deal to retain the biomass electricity generating station is a painful but necessary compromise
New deal will allow Yorkshire-based plant to continue operating beyond 2027 but reduces support
Protection rules for old growth and primary forests questioned by UK energy group fuelled by wood pellets
Internal review acknowledges pellets ‘highly likely’ to have come from ecologically important areas in Canada
UK electricity company’s investment comes as US economy faces energy supply crunch from AI demands
UK’s biggest power station to pay £25mn for historic data failings but Ofgem probe finds no evidence of environmental breaches
Back to the future
Investing in Drax is not for the faint-hearted, with political announcements knocking the share price
Government has failed to evaluate industry carbon footprint claims, says NAO
Ministers plan for bill-payers to continue paying levy beyond 2027 deadline despite criticism from green campaigners
Building materials chief receives €3mn
Power group’s decision comes despite government request to maintain North Yorkshire facility
Electricity network operator seeks deal with UK power company amid concerns over more energy market shocks
Shares in energy group weaken after regulator Ofgem escalates probe it began last year
Also in today’s newsletter, UK power provider Drax crosses the Atlantic
Company to spend $4bn on two new biomass plants in southern US with potentially more to follow
Ofgem commissions external audit into whether energy company complied with UK rules
Rollercoaster ride follows failure of carbon capture project to make it on to UK government’s priority list
National Grid says power supply situation has improved after icy weather disrupts travel and closes schools in parts of country
The UK should focus on energy that is unequivocally renewable: wind and solar
Kwarteng says shipping wood pellets from Louisiana is costly and ‘doesn’t make any sense’
