By way of Susanna Twidale LONDON (Reuters) – Britain has begun paying corporations millions of kilos in compensation to industrial companies lend a hand shield them from larger power bills due to European carbon enables, a govt spokeswoman mentioned on Thursday. “The federal government has begun compensating corporations for the oblique costs of the European Union Emissions Buying and selling System (ETS) … Up to now a complete of sixteen million kilos ($25.7 million) has been paid to 17 firms in the UK,” a spokeswoman from the Department of Power and Local weather Trade said by way of email. Firms which have bought cash up to now embrace Tata Metal, Celsa Steel and chemical agency Ineos Chlor Vinyls, she mentioned, with out revealing how much every agency used to be awarded. The money is part of a complete executive allocation of 250 million pounds for the next two years to lend a hand companies pay for indirect prices when it comes to carbon insurance policies, together with 100 million kilos to lend a hand offset Britain’s domestic carbon tax.