FCA Closes Investigation into Drax Over Biomass Sourcing
The Financial Conduct Authority (FCA) has closed its investigation into Drax regarding concerns about the sustainability of its biomass sourcing. The city watchdog concluded its probe into the energy company.
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FCA closes investigation into Drax over biomass sourcing
Regulator launched inquiry amid concerns that firm made misleading statements about origins of wood pellets Business live – latest updates The City watchdog has closed an investigation into the power generator Drax, after an almost 10-month review into the sourcing of wood pellets for its biomass power station. The Financial Conduct Authority said it had “reviewed thousands of pages” but that it “did not find evidence that justified any further action”. Continue reading...
By Lauren Almeida
Read full article →City watchdog closes Drax biomass probe after sustainability concerns
The Financial Conduct Authority said it had not found evidence that justified any further action.
By Rebecca Speare-Cole
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