03 Aug 2026

02:55

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Home Blog UK Regulator Investigates Drax Over Biomass Claims

UK Regulator Investigates Drax Over Biomass Claims

codarx

codarx

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Update date: 2025/08/28

The UK’s financial watchdog has opened an investigation into Drax Group’s biomass sourcing statements of the past three years, the British energy group operating a controversial wood pellet power plant in northern England said on Thursday.    Drax said today that it was notified earlier this week that the Financial Conduct Authority (FCA) had launched an investigation into the company covering the period January 2022 to March 2024 and relating to certain historical statements regarding Drax’s biomass sourcing and…

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