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Evening Standard
Evening Standard
Rebecca Speare-Cole

City watchdog closes Drax biomass probe after sustainability concerns

Drax FCA the Financial Conduct Authority Rowaa Ahmar
Drax Power Station is near Selby, North Yorkshire (PA) - (PA Archive)

Energy company Drax will face no action following an investigation by the UK’s financial watchdog into its sourcing of wood for biomass.

The Financial Conduct Authority (FCA) confirmed on Thursday it had closed the probe, which was launched in August last year.

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