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
Hugo Drax Hugo Drax Sir Hugo Drax is a fictional character created by author Ian Fleming for the 1955 James Bond novel "Moonraker". Fleming named him after his friend, Sir Reginald Drax. For the later film and its novelization, Drax was greatly altered from the novel by screenwriter Christopher Wood. In the film, Drax is portrayed by English/French actor Michael Lonsdale. In both the novel and film, Drax is the main antagonist. In the novel Sir Hugo Drax is an English World War II hero, believed to have been working in Liverpool harbour before the war, who became a post-war millionaire. He