Drax shares tumble after Britain rejects carbon-capture project

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 30 (Reuters) - Shares of British power generator Drax fell 10% on Thursday after the government rejected its carbon-capture project for the country's Track-1 programme. The project was not selected for deployment in Track-1, but the government will engage further with the project following an assessment outcome, the Department for Energy Security & Net Zero said.
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Subhranshu Sahu)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.