Drax profits down 17 per cent, hit by climate levy change

Madeleine Cuff
clock • 2 min read

Core annual earnings fall to £140m due to weak commodity prices and government changes to climate tax

Energy giant Drax today reported a 17 per cent fall in its core earnings following a year of weak commodity prices compounded by the removal of its exemption from green taxes in 2015. The company, which...

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