Drax Paid £450 Million In Subsidies Last Year
By Paul Homewood
h/t Joe Public
https://www.ft.com/content/e8677192-b658-11e6-961e-a1acd97f622d
The Financial Times brings the astonishing story that Drax was paid £450 million last year for its biomass operation.
Under the CfD mechanism, Drax receives a guaranteed price of £105/MWh (at 2012 prices, worth around £115 currently).
Meanwhile, Drax’s CEO explains why the carbon tax should not be scrapped. No surprise there then!!
http://www.drax.com/energy-policy/carbon-tax-scrapped-definitely-not/
But I am not quite sure why he thinks burning America’s forests is in any way clean.
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