Carbon capture project under threat as Drax pulls out

Key shareholder blames cuts in renewable energy subsidies for decision to abandon White Rose CCS

An ambitious plan to build a 1bn prototype plant to capture carbon from a coal-fired power station in North Yorkshire is under threat after a key shareholder pulled out.

Drax, owner of the country's biggest single power station, blamed cuts in renewable energy subsidies by ministers for the decision to abandon the White Rose carbon capture and storage (CCS) scheme, triggering a claim that the government energy strategy is "unravelling".