Drax has set out plans to invest $4 billion in two new bioenergy with carbon capture and storage (BECCS) plants in America, as it prepares to take advantage of tax breaks under America’s Inflation Reduction Act. Will Gardiner, chief executive of the FTSE 250 group, also opened the door to a potential listing in America in future, telling The Times: “If and when we become a primarily or a majority US company, that’s something that might be worth thinking about.” … read more »

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