The government is announcing today a plan to keep Drax Power Station running until 2031.
This is an investment in UK energy security. It will help keep the lights on, keep energy bills down for consumers and support a clean power system in 2030.
👉 drax.com/support-mechanism-f…
Today, we’ve launched our new #carbonremovals company, @eliminicdr.
Carbon removals are desperately needed to reverse the effects of climate change and Elimini will have the focus and agility needed to become a leader in the maturing carbon market.
👉 elimini.com/news/introducing…
#COP28 day 5 – our CEO, Will Gardiner @ddwg, took part in a panel session, ‘The role of carbon dioxide removal to deliver on the Paris Agreement’, with @Equinor and @The_CCSA. 💬 🌍
The panel spoke about... ⬇️
🌿 How there is no net zero without #carbonremovals, such as #BECCS.
🗞️ The importance of developing standards for high integrity carbon removals.
Today, more than 100 CEOs and senior executives from the World Economic Forum’s Alliance of CEO Climate Leaders have published an open letter to world leaders ahead of @COP28_UAE calling upon governments to scale up investments in renewable energy and implement policies that will help reduce emissions across global supply chains.
wef.ch/COP28OpenLetter
That’s why I’ve signed an open letter for the Alliance of CEO Climate Leaders to encourage collective action and investment to make a meaningful contribution to global climate goals. 🌍
Find out more via @wef. 👇
weforum.org/agenda/2023/10/a…
"Buying and selling high-quality permanent removals is the action we need today. Now is the time to capture the opportunity and be part of the solution together." Explains Will Gardiner, Drax CEO. Read more. 👇
drax.com/carbon-capture/carb…
Removing carbon from the atmosphere is urgent to meet global climate targets. The U.S.’s commitment to supporting carbon removal technologies creates an opportunity for new #BECCS power stations.
Find out more about Drax’s plans.
drax.com/carbon-capture/carb…
5/5 "With the right support from governments, such as the increase in the level of support for carbon removal projects in the Inflation Reduction Act, we stand ready to invest billions in deploying BECCS at scale across the globe" 🌎
Read more. 👇
drax.com/press_release/drax-…
1/5 This week the National Renewable Energy Laboratory @NREL, overseen by the U.S. Department of Energy @ENERGY, published a new study examining the supply side options for the U.S. to deliver President @JoeBiden's goal to achieve 100% clean electricity by 2035. ⚡️
Today the @FT has published my response to last week’s Lex column in which I outline some of the basic fundamentals that underpin our biomass power generation. 👇
“If enacted, Drax will be able to kick start its pipeline of BECCS projects in the US, accelerating the scale up of essential #carbonremovals needed to meet climate targets whilst creating green energy #jobs in #communities which need them most. 🌿
“The bill, approved by the Senate, demonstrates the kind of #climate leadership companies like Drax need to see, so we can lead the creation of a whole new #BECCS industry. I’m excited about the future for Drax in the US.” 🇺🇸