MPs in call to halt Drax’s £2m-a-day subsidy over sustainability doubts
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A group of UK MPs and peers are urging Energy Minister Ed Miliband to suspend approximately £2 million a day in subsidies paid to Drax, Britain's largest power plant, due to concerns about the sustainability of its biomass sourcing. The call follows the emergence of court documents suggesting Drax executives privately questioned the accuracy of the company's claims regarding its wood pellet sources. The politicians are worried that Drax may have concealed information about the environmental credentials of its wood, potentially violating the terms of its renewable energy subsidies. They are requesting the suspension of government contracts with Drax while the Financial Conduct Authority investigates the company's historical statements about pellet sourcing. Drax, which imports millions of tonnes of wood pellets annually, is projected to receive £11 billion in subsidies by 2027.
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