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The Latest Breaking News from Drax

Drax adds its weight to calls for faster action on UK's Net Zero targets as coal return ruled out

Climate Change Committee's latest report is backed by group CEO keen to invest in UK and US

Birmingham Post

Salmon tagged to monitor progress down Dumfries and Galloway river

The journey of the 40 tagged salmon will be tracked using 33 receivers installed along the river bank

Daily Record

European Central Bank raises interest rates to fight inflation; Nationwide to lift fixed mortgage rates – as it happened

UK mortgage holders face worst squeeze since 1990s crash, while Europe’s central bank hikes borrowing costs to battle inflation

The Guardian - UK

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National Grid in talks with Drax to revive coal-fired units

Plans for North Yorkshire plant discussed as return of scheme to pay customers to reduce electricity during peak times confirmed

The Guardian - UK

Why did National Grid use coal to meet surge in electricity demand?

When rising temperatures put a strain on electricity supply on Monday, National Grid turned to coal to ease the pressure, rather than renewables

The Guardian - UK

Entrepreneur engineers new Sunderland business after putting retirement on hold

Steve Tobbell, 63, launched new firm Tobbell Engineering Solutions after getting enquiries soon after leaving Nissan

Birmingham Post

Hargreaves workers to strike at Drax over pay dispute

The firm started a significant contract at the Selby power station in 2021

Birmingham Post

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New business group launched to rival CBI ahead of crunch vote

The British Chambers of Commerce has managed to get the likes of BP, Heathrow and Drax onboard as founding members

Insider UK

Energy watchdog Ofgem launches investigation into Drax's biomass reporting

Ofgem is looking at whether the North Yorkshire power company has breached reporting requirements

Birmingham Post

Ofgem to investigate Drax compliance with biomass reporting rules

Regulator expected to examine whether sustainability reports on sourcing of wood pellets meet renewables subsidy criteria

The Guardian - UK

Drax-owned wood pellet plant in US broke air pollution rules again

Amite BioEnergy, which was fined $2.5m in 2021, notified Mississippi facility had breached emission limits

The Guardian - UK

Drax unveils scale of US bioenergy with carbon capture and storage ambition with £7b portfolio

Two sites selected with nine more under consideration as it awaits resolution in UK

Birmingham Post

'Why is UK giving energy giant £1.5 million DAILY till 2027?' Rishi Sunak asked

RISHI Sunak claimed he could not comment after he was quizzed on why the UK Government will be subsidising a private energy firm to the tune of…

The National (Scotland)

Significant CCS progress highlighted by Harbour Energy as Tolmount delivers

Quarter one tradign update underlines developments on both Humber banks

Birmingham Post

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Insider UK

Six Scottish hydro projects 'could create up to 14,800 UK jobs'

New report urges UK Government to support the delivery of these projects

The Independent UK

UK set to miss 2035 target for green electricity, say MPs

Ministers have not provided ‘strategic leadership’ and there is no overarching plan, the Business, Energy and Industrial Strategy Committee said.

Birmingham Post

Partner behind proposed Humber low carbon pipelines to exit carbon capture and storage

National Grid Ventures concentrating on integrating renewables and has pledged to ensure smooth transition

The Guardian - UK

Businesses in north of England ask ministers for help to hit net zero

Leaders of Drax, Siemens and others call for green growth to be a priority and ‘regional disparities’ to be closed

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The Guardian - UK

Net zero strategy shows UK will miss 2030 emissions cuts target

Government admits its policies will achieve only 92% of cuts and experts think that is a ‘generous reading’

The Guardian - UK

UK energy strategy casts doubt on Drax’s carbon capture project

Shares in turmoil as government’s plan seems to rule out North Yorkshire biomass plant from race for subsidies

Birmingham Post

£15b of investment at risk as Humber carbon capture plans stall at government selection stage

Figureheads behind industrial decarbonisation tell of fears over regional omission from strategy blueprint

Birmingham Post

Drax to enter talks over bioenergy carbon capture delivery imminently as deployment commitment made

Technology solution included in Powering Up Britain strategy document release but not selected as Track One lead project

Daily Record

Galloway Hydro Scheme strike action averted as new pay deal accepted

Workers will now receive an eight per cent pay increase along with a one off £1,500 payment and an extra day’s holiday

The Guardian - UK

Net zero tsar and senior Tories among those urging biomass subsidies rethink

Exclusive: Jacob Rees-Mogg and Chris Grayling express concern at system under which Drax made £617m in 2022

The Guardian - UK

Drax chief’s pay packet jumped almost 70% to £5.4m in 2022

Campaigners say Will Gardiner’s pay rise comes from subsidies on energy bills paid for by public and accuse firm of greenwashing

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