Drax shares tumble after its ‘renewable energy’ power plant is found to be Britain’s worst CO2 emitter

Tallbloke's Talkshop

Drax power station, generating 7% of Britain’s needs, is partly converted to burning imported woodchips.

Biomass has been rumbled in the City. Unlucky! But what took them so long to see through the climate hype?
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The City of London feeds off rumours and yesterday Drax was the name on the tip of every trader’s tongue, says the Daily Mail (via Thisismoney).

The energy company saw its shares tumble 5.3 per cent, or 27p, to 483p amid talk in the market that one of the world’s most powerful money managers had blacklisted the stock.

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