Drax power station build a 626 MW oxygen-fuelled combustion power station adjacent to the existing Drax site. National Grid would simultaneously construct a pipeline to transport to the Yorkshire coast for sequestration. In July 2014 the project was awarded €300 million funding from the European Commission. In September 2015 Drax announced it would not be making any further investments into the CCS scheme after completion of the feasibility study because negative changes to government support for renewable energy had made the project too financially risky, plus drops in the company's share price due to the same uncertainty had reduced Drax's ability to raise
Richard Drax Ireland. His great-uncle was the celebrated writer and playwright the 18th Lord Dunsany, and his maternal grandfather was General the Lord Weeks. His first wife ("divorced" 1997) was Zara Legge-Bourke, younger sister of the royal nanny Tiggy Legge-Bourke, relations of the Earl of Dartmouth. Drax married his second wife; Eliza, daughter of Commander James Dugdale (related to David Cameron); Drax has remarried and has four children in total. At least six of his ancestors, including John Samuel Wanley Sawbridge Erle-Drax and the 17th Lord Dunsany, were Members of Parliament for Dorset and Gloucestershire between the 1680s and 1880s. A cousin