The British government are planing to increase incentives for power firms to burn more biomass to help reduce the carbon emissions, this should boost Drax Group. The firm operates the largest coal fired power station in the country, and they want to increase biomass burn by 50 percent of output by 2015. "We do not think there is much downside risk in the final decision on the incentives due in a White Paper, likely to be published in Spring 2012," Goldman analyst Andrew Mead. Read more ...
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