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Energy company Drax has been booted from the S&P Global Clean Energy Index as doubts over the sustainability of its wood-burning power plant begin to mount within the financial sector, The Guardian reports.
Editorial office / Camblesforth

Drax was once one of the largest coal power generators in Europe before it converted four of the generating units at its North Yorkshire site to burn biomass instead. It received more than £800m in government subsidies and tax breaks for this and according to The Guardian, could expect billions more in the future.

By using new technology to capture the carbon emissions from the biomass power plant, Drax expects to become the world’s first “carbon-negative” energy company by the end of the decade. However, the bioenergy sector in the UK as well as in other countries has long been criticised by green groups. The S&P Global Clean Energy Index also dropped a French biomass generator, Albioma, which, like Drax, has used wood chips to replace coal in its power plants.

Read the full article in The Guardian.

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