Drax Paid £450 Million In Subsidies Last Year
By Paul Homewood
h/t Joe Public
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!!
But I am not quite sure why he thinks burning America’s forests is in any way clean.