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 is the 19th and present Lord Dunsany. In 2013, the BBC revealed that his ancestor John Erle-Drax had been a slave trader, who had received £4,293 12s 6d in compensation when the slave trade was abolished. Richard Drax Richard Grosvenor Plunkett-Ernle-Erle-Drax (born 29 January 1958), known as Richard Drax, is a Conservative politician and a former British Army officer and journalist. Drax has served as Member of Parliament (MP) for South Dorset since the 2010 general election. He was re-elected in 2015 and 2017. Drax was born on 29 January 1958 in Westminster. He was privately educated at Harrow School