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Britain axes £1bn carbon capture scheme LONDON: Britain has quietly cancelled a competition to develop carbon capture and storage technology, reversing support for a tool intended to help combat global warming ahead of a climate summit in Paris next week.The change was announced to the London Stock Exchange on Wednesday as finance minister George Osborne revealed a much-awaited budget update to parliament that vowed to increase investment in energy research.Proponents of CCS technology -- which aims to capture emissions of carbon dioxide from power plants and prevent it entering the atmosphere and causing the planet to warm -- reacted with dismay to the announcement that funding was no longer available for the £1.0 billion (1.4 billion euros, $1.5 billion) scheme."Moving the goalposts just at the time when a four-year competition is about to conclude is an appalling way to do business," said Luke Warren, chief executive of the Carbon Capture and Storage Association.He warned that Britain ...

Fifteen killed in Russian helicopter crash in Siberia MOSCOW: Fifteen people were killed in Russia on Thursday when a civilian helicopter crashed in Siberia, regional authorities said.The Mi-8 helicopter, which was transporting 22 passengers and four crew members, crashed outside the town of Igarka in Western Siberia, some 2,800 kilometres (1,750 miles) northeast of Moscow."Fifteen people were killed and 10 people were hospitalised as a result of the crash," regional transportation authorities said in a statement.Contact with the helicopter -- which was headed ...
Italy court clears PM Renzi over expense claims when Florence mayor ROME: A court in Florence has closed its investigation into expense claims filed by Italian Prime Minister Matteo Renzi when he was mayor of the city between 2009 and 2014 and concluded there was nothing wrong with them, the mayor's office said on Wednesday. The accounting court, which is responsible for ensuring a correct use of public funds, opened the probe last month after press reports that Renzi had regularly claimed reimbursement for restaurant meals ...
Hollande calls for display of French pride for day of mourning PARIS: President Francois Hollande called Wednesday for French citizens to adorn their homes with flags during the day of mourning for victims of the Paris attacks. Friday will be a day of homage to the victims, during which the president said citizens "could participate by decorating their homes with the blue, white and red flag," government spokesman Stephane Le Foll said.Copyright AFP (Agence France-Presse), 2015 ...
Merkel says Schengen agreement needs further development BERLIN: German Chancellor Angela Merkel said on Wednesday the passport-free Schengen accord should be further developed and that plans to distribute refugees across the European Union based on quotas will determine whether the agreement will survive."Here we have the Schengen agreement and the truth is that for years we trusted each other and set border controls on the outer borders of the European Union," she said."And as was the case with the economic and monetary ...
UK's Osborne to set out new spending purge, bets on voter support LONDON: British finance minister George Osborne will renew his push to fix the country's public finances on Wednesday, taking a gamble that voters will accept four more years of deep spending cuts.Osborne, a contender to be Britain's next prime minister, is expected to tell parliament that he is still aiming for a budget surplus by the end of the decade, which could allow him to deliver income tax cuts, as promised, before the next election.But ...
Russia to bolster Syria base, eyes economic retaliation against Turkey MOSCOW: Russia is to send an advanced air defence system to reinforce its air base in Syria and is considering cancelling a raft of joint business projects with Ankara after Turkey shot down of one of its warplanes, top government officials said.The incident, which resulted in the killing of one of the SU-24 plane's two pilots and a Russian marine, has thrown Russo-Turkish relations into crisis and cooled Kremlin hopes of rapprochement with the West.On ...


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