Shareholders approve deal for Yorkshire plant despite concerns over carbon, climate and land use
The owner of the Drax power plant in North Yorkshire is expected to move ahead with a $652m deal to double its production of wood pellets after its shareholders voted 99.9% in favour of buying a Canadian biomass company.
The deal will accelerate Drax Group’s plans to become a leading biomass electricity generator by substituting wood pellets in place of coal at its power plant – despite warnings from scientists, green campaigners and sustainable investors that burning wood pellets could accelerate the climate crisis.
