{"id":338005,"date":"2024-07-30T11:42:30","date_gmt":"2024-07-30T09:42:30","guid":{"rendered":"https:\/\/climatescience.press\/?p=338005"},"modified":"2024-07-30T11:42:32","modified_gmt":"2024-07-30T09:42:32","slug":"british-green-energy-biomass-plant-hands-300-million-to-shareholders-then-demands-more-subsidies","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=338005","title":{"rendered":"British Green Energy Biomass Plant Hands \u00a3300 Million to Shareholders, then Demands More Subsidies"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

h\/t Steve Richards<\/a>; \u2026 \u2018A large part of profits come from public subsidies Drax is given by claiming that burning forests is good for the planet.\u2019 \u2026<\/p>\n\n\n\n

\n

Drax seeks new handout despite \u00a3300m buyback<\/strong><\/p>\n\n\n\n

Drax wants ministers to provide support through to the end of the decade<\/p>\n\n\n\n

By JOHN ABIONA<\/a> <\/a><\/p>\n\n\n\n

UPDATED:<\/strong> 19:37 AEST, 27 July 2024<\/p>\n\n\n\n

The UK\u2019s biggest wood burner is in talks with the Government over further handouts to cover funding its controversial biomass plant.<\/p>\n\n\n\n

Despite whopping profits and a \u00a3300million share buyback, Drax wants ministers to provide financial support through to the end of the decade.<\/p>\n\n\n\n

It has been handed more than \u00a36billion of subsidies for the power station in Selby, North Yorkshire that generates more than 4 per cent of the UK\u2019s electricity. <\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Matt Williams, of Cut Carbon Not Forests and advocate for US environmental advocacy group Natural Resources Defense Council, said: \u2018It is unacceptable this company is burning the world\u2019s forests and making money hand over fist from environmental harm.<\/p>\n\n\n\n

\u2018A large part of profits come from public subsidies Drax is given by claiming that burning forests is good for the planet.\u2019
\u2026Read more:\u00a0<\/p>\n\n\n\n

https:\/\/www.dailymail.co.uk\/money\/markets\/article-13677211\/Drax-seeks-new-handout-despite-300m-buyback.html<\/a><\/p>\n<\/blockquote>\n\n\n\n

\u00a36 billion in subsidies is a lot of money \u2013 around \u00a390 for every man, woman and child in Britain. I wonder how many Britons would prefer \u00a390 in their pockets rather than in the pockets of Drax\u2019s shareholders.<\/p>\n\n\n\n

According to DeSmog Blog, in 2023 Tory politicians received \u00a348,000 in donations from companies connected to Drax<\/a>. DeSmog claims Labour also accepted a lesser donation of \u00a312,000 from Drax<\/a>. Obviously I\u2019m not suggesting such donations in any way influence whether politicians support Drax\u2019s request for more subsidies.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a36 billion in subsidies is a lot of money \u2013 around \u00a390 for every man, woman and child in Britain. I wonder how many Britons would prefer \u00a390 in their pockets rather than in the pockets of Drax\u2019s shareholders.<\/p>\n","protected":false},"author":121246920,"featured_media":338007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691829904,691821577,691818299,691829905],"class_list":{"0":"post-338005","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-biomass-plant","9":"tag-drax","10":"tag-subsidies","11":"tag-uks-biggest-wood-burner","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0AL8A0554-min-scaled-1.webp?fit=2560%2C1707&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1pVH","jetpack-related-posts":[{"id":339337,"url":"https:\/\/climatescience.press\/?p=339337","url_meta":{"origin":338005,"position":0},"title":"Biomass 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