Tag: coal
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Drax coal power station ‘could be transformed to produce biomass fuel’
Fiona Harvey, environment correspondent for The Guardian, reports that “the UK’s largest coal-fired power station could be turned into one of its biggest sources of renewable energy– if subsidies are increased. “Drax generated about 6% of the UK’s total renewable power in the first half of this year, through burning straw and other biomass at its…
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Why high-carbon investment could be the next sub-prime crisis
In today’s Guardian online, Ben Caldecott reports that “over-exposure to fossil fuel investments could have even more severe implications than those of the financial crisis.” “More money is flowing into clean technologies than ever before – a record £150bn of investment last year – but money is also still pouring into coal, oil, gas, mining…