FCA closes investigation into Drax over biomass sourcing

Published June 18, 2026 · Category: Markets

Overview

Regulator launched inquiry amid concerns that firm made misleading statements about origins of wood pellets

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The City watchdog has closed an investigation into the power generator Drax, after an almost 10-month review into the sourcing of wood pellets for its biomass power station.

Details

The Financial Conduct Authority said it had “reviewed thousands of pages” but that it “did not find evidence that justified any further action”.

Source

Originally published at www.theguardian.com.

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