Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-36662

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Drax is a key provider for British utilities and one of the renewable energy industry’s largest players, earning $1.53 billion in profits last year. It operates seven wood pellet production facilities across four states and paid out $2.5 million in fines for violating air emissions limits in Mississippi in 2020 and $3.2 million pollution-related settlements in Louisiana in 2022.



Yet here are the "Real " Facts ...

Ember's report also reiterated concerns about Drax's eligibility for public subsidies, estimating that it received in the region of£550m in public subsides last year and is "seeking to extend them beyond 2027".4 days ago


What is the controversy with Drax power stations?
17 Jan 2024

A main criticism is thatit takes decades for the carbon released by burning biomass to be reabsorbed by new trees and plants as they grow. There are also concerns that wood sourcing may be damaging to forests.


23 Feb 2023—The power company said it had earned£837m in subsidiesin 2020 and £885m in 2021.


Fury at plan to extend Drax subsidy to burn trees for electricity

18 Jan 2024—Drax isexpected toreceive subsidiesfor the controversial new project – known as bioenergy with carbon capture, or Beccs – once it begins ...

Taken together, Drax and Lynemouth power stations cost the UK in direct subsidyat least £1,007m in 2020.


4 July 2023—The House of Lords heard that some£11bn in government subsidieshas been given to Drax for its renewable schemes.


Drax's BECCS project climbs in cost to the UK public
16 Jan 2024—Rising costs of wood pellets mean the subsidy required for Drax's BECCS plant could reach£1.7bn each year.


Drax to 'Begin one of the Most Expensive Energy Projects ...
2 May 2024—Drax to 'Begin one of the Most Expensive Energy Projects in the World – And UK Public Will PayThree Times Over' ...



Drax Wants to Capture State Subsidies, Not Carbon
19 Jan 2024—The biomass giant has already benefited from manybillions of poundsin subsidies since 2012, and is now chasing more. According to research ..

New figures released last week have revealed UK power company Drax is looking for new government handouts which could cost UK households an extra...