London, June 18, 2026 (AFP) - UK watchdog clears power firm Drax in biomass sourcing probe

NAMPA / AFP

2026-06-18

Britain's financial watchdog on Thursday closed its investigation into electricity generation firm Drax, concluding no further action was needed over allegations it misled investors about its sourcing of wood for biomass. The Financial Conduct Authority said its "extensive investigation" over 10 months did not find evidence justifying further action. Drax has received billions of pounds in UK government subsidies, with wood pellets used in its b......

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Latest NAMPA photos

SWAKOPMUND, 18 June 2026 - Erongo Governor Natalia /Goagoses. (Photo contributed) NAMPA

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OMATJETE, 16 June 2026 - Erongo Governor Natalia /Goagoses, during the launch of the Roads Authority’s mobile unit, Natis on Wheels. (Photo by: Chelva) NAMPA

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SWAKOPMUND, 18 June 2026 - Education officials, school principals, teachers, learners, community leaders and other stakeholders of education attending the Erongo Region Education conference to assess challenges facing the sector. (Photo by: Isabel Bento) NAMPA

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WINDHOEK, 17 June 2026 - Prime Minister Elijah Ngurare pictured with Ovaherero Chief Professor Mutjinde Katjiua during a recent meeting in Windhoek. (Photo: Contributed) NAMPA.

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SWAKOPMUND, 17 June 2026 - Erongo Governor Natalia /Goagoses delivering her Sate of the Region Address. She is dressed in the uniform of the National Youth Service, in solidarity with the Namibian youth and their plight in fighting against unemployment. (Photo by: Isabel Bento) NAMPA

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SWAKOPMUND, 16 June 2026 - Erongo Governor Natalia ǀGoagoses during her State of the Region Address (SORA) stated that the C35 Swakopmund/Henties Bay/Uis Main Road, costing N.dollars 1.03 billion, was 86 per cent complete with 16 kilometres remaining. (Photo by: Josephina Simeon) NAMPA

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UIS, 16 June 2026 - Uis in the Erongo Region, was upgraded from settlement to town status, becoming the region’s eighth local authority, ǀGoagoses said in her second State of the Region Address delivered in Swakopmund, with N.dollars 1 million allocated for an Infrastructure Master Plan and N.dollars 8.5 million for an ongoing bulk water pipeline. (Photo by: Josephina Simeon) NAMPA

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