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
Reginald Drax Drax did not have any power to make decisions without the approval of the British government, rendering him next to powerless. In December 1939, Drax was appointed Commander-in-Chief, The Nore serving until 1941. It was an important post, as he was responsible for the protection of the east coast convoys from Scotland to London. He faced the multiple threats of acoustic mines and magnetic mines as well as attacks from the air and by surface vessels, especially after the fall of the Netherlands and of Belgium. As the war continued, advancing years caused him to retire from the active navy