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
Plunkett-Ernle-Erle-Drax complete listing of the Plunkett-Ernle-Erle-Drax family. Plunkett-Ernle-Erle-Drax Plunkett-Ernle-Erle-Drax is the quadruple-barrelled surname of the descendants of Admiral The Honourable Sir Reginald Aylmer Ranfurly Plunkett-Ernle-Erle-Drax (1880–1967), who was the younger son of John William Plunkett, 17th Baron of Dunsany by his wife Ernle Elizabeth Louisa Maria Grosvenor, née Burton, later Ernle-Erle-Drax (1855–1916). The surname of Plunkett-Ernle-Erle-Drax was assumed in lieu of Plunkett, his name from birth, by royal licence on 4 October 1916. Ernle is pronounced "earnly." The current head of the family is the Westminster M.P. Richard Grosvenor Plunkett-Ernle-Erle-Drax, otherwise Richard Drax. See Burke's Peerage and Baronetage under the account