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 believed homes should be fit for human habitation but did not want to pass the new law that would explicitly require it. Drax lives in his family's ancestral seat, Charborough House - a Grade 1 Listed Manor House in rural Dorset. He holds the lordship of the manor of Longburton. Drax is the eldest son of Walter Plunkett-Ernle-Erle-Drax and The Hon. Pamela Weeks and a grandson of Admiral The Hon. Sir Reginald Drax, younger son of the 17th Lord Dunsany thereby being in remainder to the ancient Barony of Dunsany ("cr." 1462): the second oldest title in the Peerage of