Drax cleared after investigation into sourcing of wood pellets

Generator’s shares rise as regulator finds no evidence of misleading statements about fuel’s sustainabilityBusiness live – latest updatesThe 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 station.The Financial Conduct Authority said it had “reviewed thousands of pages” but that it “did not find evidence that justified any further action”. Continue reading...