The Guardian Business EN

Drax to stop burning controversial Canadian wood within next year

Yorkshire plant has been criticised for taking material from some of British Columbia’s most environmentally important forestsThe owner of Drax power plant has started reducing the amount of Canadian wood pellets it burns, and will stop burning trees from British Columbia entirely within the next year.The FTSE 250 company Drax Group said its Canadian wood pellet plants, which once supplied millions of tonnes of biomass to be burnt in its North Yorkshire power plant, had cost the company almost £200m in financial impairments last year. Continue reading...

Feb 26, 2026 &02272626202628; 17:27 UTC www.theguardian.com

Read original on www.theguardian.com ↗

↘

Negative for markets

Sentiment score: -70/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Drax Group interromperà l'uso di legname canadese entro l'anno prossimo, a seguito di critiche ambientali e di impairment finanziari per £200m. La mossa potrebbe impattare la catena di approvvigionamento e i margini operativi, sebbene possa migliorare il profilo ESG dell'azienda nel lungo termine.

AI CONFIDENCE

0% Low

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

DRX.L

DRX.LStock

Expected to decline

Cessazione graduale di una fonte di approvvigionamento chiave, con precedenti impairment significativi che pesano sulla redditività e sulla strategia operativa.

PRICE HISTORY

Loading chart...

⚡ SUGGESTED ACTION

Valutare riduzione esposizione su DRX.L nel breve termine, monitorando la transizione verso fonti alternative e i possibili impatti sui flussi di cassa.

KEY SIGNALS

£200m impairment su impianti pellet canadesiTransizione da fonti di biomassa controverseMitigazione del rischio reputazionale e potenziale aumento dei costi operativi

SECTORS INVOLVED

UtilitiesRenewable EnergyBiomass

Analysis generated on Feb 26, 2026 at 22:58 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by The Guardian Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Drax to stop burning controversial Canadian wood within next year

RELATED INTELLIGENCE