Drax Group confirms the UK Financial Conduct Authority closed an investigation into the company with no action taken, according to a statement.
- Adds the regulator confirmed it has no concerns warranting further investigation
- Investigation covered January 2022 to March 2024 and related to historical statements regarding biomass sourcing
- Also examined compliance of 2021, 2022 and 2023 annual reports
- NOTE, from August:
Drax Slumps on UK Probe Into Controversial Biomass Sourcing
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