Candidate advisers debate carbon capture funds

By Scott Malone CAMBRIDGE, Massachusetts (Reuters) - Top energy advisors to the two U.S. presidential candidates agreed on Monday on the need to convert coal-burning electricity plants to capture carbon emissions, but differed on how to pay for it. An cost-effective way to retrofit power stations to trap and store carbon dioxide rather than releasing it into the atmosphere, would be "the most important single breakthrough the world has ever made" to address global warming, said Jason Grumet, an adviser to Democrat Barack Obama at a debate at the Massachusetts Institute of Technology. Obama, an Illinois senator, calls for $15 billion a year in federal funding to help spark innovation in carbon capture, said Grumet, founder of the Bipartisan... [read full story]