Drax Power Secures Environmental Permit Variation for Carbon Capture at UK Plant

11:16 AM EDT, 08/14/2026 (MT Newswires) -- The UK Environment Agency granted an environmental permit variation to Drax Group (DRX.L) unit Drax Power, allowing the energy generation company to carry out carbon capture at its bioenergy plant in Yorkshire, UK. The clearance follows the conclusion of the agency's third and final public consultation on the matter earlier this summer, with the authorities confirming that "robust levels of environmental protection are met," according to a Friday release. Drax Power intends to capture the plant's carbon dioxide emissions for permanent storage under the North Sea.