While it is difficult to predict the extent to which Drax could be impacted by any windfall tax, if at all, we think investors should remember that the company is also key to the delivery of both short and long term energy strategy in the UK. At the short end simply keeping the lights has seen Drax reportedly asked to delay the closure of the two remaining coal units at its Yorkshire site. In the longer term Drax has the only near term negative emissions solution of any scale in the UK with its ....
24 May 2022
Drax Group - Windfall Tax Concerns
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Drax Group - Windfall Tax Concerns
Drax Group plc (DRX:LON) | 520 36.4 1.4% | Mkt Cap: 2,013m
- Published:
24 May 2022 -
Author:
Adam Forsyth -
Pages:
6
While it is difficult to predict the extent to which Drax could be impacted by any windfall tax, if at all, we think investors should remember that the company is also key to the delivery of both short and long term energy strategy in the UK. At the short end simply keeping the lights has seen Drax reportedly asked to delay the closure of the two remaining coal units at its Yorkshire site. In the longer term Drax has the only near term negative emissions solution of any scale in the UK with its ....