Business Green: Chinese companies are more advanced in their development of carbon capture and storage (CCS) technology than those in the EU or US, according to the executive director of General Electric (GE). Magued Eldaief told the CBI energy conference in London today that if it moved fast, the UK still had the opportunity to be a world leader in CCS technology, but that it was already showing signs of lagging behind Chinese firms. “Today China is in a much better position to export its …