Infinis and Drax take UK government to court over the recent move to remove CCL exemption
Infinis Energy and Drax didn't much like the lack of notice period the government gave everybody earlier this year when they pulled the plug on CCL
Infinis Energy and Drax didn't much like the lack of notice period the government gave everybody earlier this year when they pulled the plug on CCL. Both Drax and Infinis have lost out in a big way, Drax reported this action would remove £30million from this years earnings and more from next year. It was this July's budget speach that George Osborne announced he was removing the exemption, stating it was outdating and overseas energy producers were gaining an advantage from this.