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 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 before going to the Royal Agricultural College in Cirencester where he graduated with a diploma in rural land management in 1990, receiving a further diploma in journalism in 1995. Drax passed out from the Royal Military