Drax fights back against unsustainable biomass sourcing allegations in Canada
Drax Group has strongly denied claims about its biomass sourcing practices in Canada. The energy firm issued a detailed response after environmental group Stand.earth accused it of using unsustainable wood supplies. The dispute centres on whether Drax’s operations comply with regional regulations in British Columbia.
The controversy began when Stand.earth published an investigation questioning the sustainability of Drax’s wood procurement. The group alleged that the company was harvesting old-growth forests and protected areas. Drax rejected these claims, calling the report methodologically flawed.
The coming trading week will show how investors respond to Drax’s clarifications. If doubts persist about its sustainability claims, the stock could face further pressure. The company’s future depends on maintaining confidence in its biomass supply chain.
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