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
Drax, North Yorkshire no value, as it had been flooded by the Ouse, and the borough was not even mentioned, leading George Sheeran to claim that flooding may have led to the abandonment of the town, or at least the end of its borough status. However, the inquisition post mortem for Richard Lely of Drax, held in 1422, indicates that his part of the land was not completely worthless, although the mill was ruined. His son John inherited and the property then passed to John's daughter Joan, who had been born and baptised at Drax in 1424. She was married to John Babthorpe