Drax profits down 17 per cent, hit by climate levy change
Core annual earnings fall to £140m due to weak commodity prices and government changes to climate tax
Energy giant Drax today reported a 17 per cent fall in its core earnings following a year of weak commodity prices compounded by the removal of its exemption from green taxes in 2015. The company, which...
More on Biomass
More news
Study: Forestry finance market could soar to $800bn as net zero goals multiply
But supply chain deforestation threatens to undermine vast market potential for nature-based climate solutions, PRI warns
COP26: Former world leaders urge UK for ambitious 2030 climate goal
The Elders write to Boris Johnson arguing enhanced UK climate action 'would reverberate around the world' and set tone for COP26 next year
Investors urge major US polluters to clean up lobbying activities
Climate Action 100+ investors write to 47 major US companies calling on them to ensure advocacy work aligns with the climate goals of the Paris Agreement
Reports: Japan PM Suga vows 2050 net zero goal
Prime Minister Yoshihide Suga uses first address since taking office last month to vow cut in Japan's greenhouse gases to net zero by 2050
