Drax pulls out of green scheme

Published: Saturday 26th September 2015 by The News Editor

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A project that would have drastically reduced the harmful emissions that Drax releases into the atmosphere has been scrapped.

Experts believe that the power company’s £1 billion scheme would have cut its carbon dioxide emissions by as much as 90%.

The carbon capture and storage (CCS) technology was to be fitted at the plant between Selby and Goole, which is Britain’s largest coal-fuelled power station.

But the energy firm says it is pulling out due to the Government’s decision to cut renewable power subsidies.

Drax said that priority h as to go to its shareholders and the business as the cut in government aid would have impacted on profits.

Dorothy Thompson, chief executive of Drax, called the Government’s decision “very sad” and claims that the initiative still has plenty of potential.

She told the BBC that ministers have taken away a renewable power tax exemption that is bought by industrial firms – suddenly taking away one of its income streams.

Copyright Press Association 2015

Published: Saturday 26th September 2015 by The News Editor

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