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Drax Paid £450 Million In Subsidies Last Year

May 24, 2017

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Joe Public

image

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!!

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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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