Drax Group plc (DRX.L)
- The Guardian
UK accused of funding environmental racism with subsidies to Drax
The power station has paid out millions over alleged overpollution in US south, investigation finds
- Bloomberg
UK Homebuilders, Banks, Retail in Spotlight After Budget
(Bloomberg) -- Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekRisk Assets Crushed With Few Signs Drama Is Over: Markets WrapJapan to Restore Visa-Free Travel From Oct. 11 as Covid Pandemic Recedes Unless Rents Rise, Housing Is Set Up for an Epic CrashSouth Korea President Caught on Hot Mic Insulting US CongressSeveral UK equity sectors got a brief boost Friday as Chancellor of the Exchequer Kwasi Kwarteng announced sweeping tax cuts. However, most of the
- Reuters
Britain's Drax signs deal to sell 2 million U.S. carbon removal credits
British power generator Drax has signed a memorandum of understanding with carbon finance firm Respira International which could see Drax sell up to 2 million carbon removal credits from proposed biomass projects in the United States, the companies said on Wednesday. Drax is developing technology to capture and store emissions generated at its power plants which burn wood-based biomass pellets in Britain and is seeking to build similar projects in the United States by the mid- to late 2020s. Under the memorandum of understanding announced on Wednesday Respira International has the option to buy up to 2 million tonnes of carbon removals over a five-year period from future Drax operations in the Unites States.
