New subsidies have been announced for wood-burning power plant Drax, which the Government said would halve costs for consumers and improve sustainability.

Environmentalists have raised concerns over news that wood-burning power station Drax will continue to receive subsidies but welcomed a reduction in payments. The Government has announced that from ...

Drax power station in North Yorkshire receives millions of pounds a year in direct Government subsidies, in addition to multimillion-pound carbon tax breaks. Money for the subsidies comes from ...

Drax divides opinion. Some recognise the critically important role we play in generating renewable power which keeps the lights on for millions. Others argue that we are not ‘green enough' and ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Energy company Drax lobbied Canadian officials for their intervention as the UK group sought changes to EU ...