UK scraps 1 billion pounds carbon capture technology scheme

By Susanna Twidale LONDON (Reuters) - Britain has scrapped plans to spend up to 1 billion pounds to help commercialise projects that capture carbon dioxide emissions from power plants and store them underground, the government said on Wednesday. The announcement comes just days before negotiators from more than 190 countries are due to meet in Paris to thrash out a global deal to cut greenhouse gas emissions blamed for rising temperatures. “Following the Chancellor's Autumn Statement, HM G