"© Licensed to London News Pictures. 25/09/2015. Drax, UK. Stock picture shows Drax Power Station in North Yorkshire. The power station has today pulled out of a £1bn plan to build a carbon capture project. The decision, the company said, was based purely ""on a drastically different financial and regulatory environment"".<br /> Drax was given European funding for the project, called White Rose, last July. It would have seen a new plant built new to Drax's existing power station and would create enough energy to power 630,000 homes, with the majority of CO2 transported by pipelines for storage under the North Sea.<br /> Photo credit: Andrew McCaren/LNP"
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