United kingdom greenlights ScottishPower’s offshore wind farm

The Government has provided the eco-friendly light to some major offshore wind farm that could end up being the least expensive yet in United kingdom waters.

Greg Clark, the company and Secretary, granted ScottishPower planning permission to construct the 2nd phase of their East Anglia wind farm 42 miles from the coast of Norfolk using wind generators greater than 2 . 5 occasions the peak of London’s Big Ben.

The Fir.2GW project could produce enough electricity to power nearly millions of homes by 2025, and it is likely to be much better value compared to first phase from the development the least expensive to enter construction to date.

ScottishPower Renewables, of Spain’s Iberdrola, will have to contend with other projects within an auction to have a contract which guarantees a collection revenue stream through top-up payments from consumer bills.

The very first phase from the East Anglia project may be the least expensive offshore wind project to become built, however the £119 per megawatt hour deal has nevertheless elevated requires developers to operate harder to lessen the responsibility on bill payers.

The work price is roughly 30pc greater than EDF’s Hinkley Point C nuclear plant that has attracted fierce critique to be too costly to construct or support.

But the renewables developer stated industry breakthroughs imply that offshore wind prices will fall well below this level to create offshore wind “one from the least expensive types of low carbon electricity”.

To win the race towards the cheapest offshore wind costs the organization must beat stiff competition from Denmark’s Dong Energy that has scaled up how big its turbine they are driving costs lower faster.

Keith Anderson, Chief executive officer of ScottishPower Renewables  Credit: Chris James

Keith Anderson, the main executive of ScottishPower Renewables, stated offshore wind has delivered on its offers to keep costs down, that have fallen with a third between 2012 and 2016.

“Our sector has met every technical and political challenge, grown britain’s logistics, and improved we’ve got the technology in a rapid pace to permit projects to become deployed in ever harsher conditions. Simultaneously, the amount of cost reductions achieved would more generally be viewed in electronic devices,Inches he stated.

The wind giant can also be intending to export we’ve got the technology towards the US with what could end up being a benefit for United kingdom plc after winning the authority to build two mammoth wind farms from the country’s new england.

RenewableUK’s Emma Pinchbeck, stated the political stamp of approval is really a “vote of confidence within the UK’s world-leading offshore wind sector” and may create “thousands of skills jobs throughout its 30-year lifetime”.

Meanwhile, the falling price of solar and battery technologies is placed to power britain’s largest community energy project near Stratford-Upon-Avon in Warwickshire later this season.

Mongoose Energy, a professional community energy developer, has completed financing on the deal to construct three solar farms having a combined capacity of just about 15MW, alongside batteries, to assist generate enough electricity to power 4,500 local homes via a new community energy company.

The plan taps an increasing trend towards pairing the 2 technologies and is available in the wake of fresh government support for battery development and new regulation to assist enhance their efficiency.

Most drunk-driving programs concentrate on driving. That one labored since it centered on booze.

make greater than 1.4 million drunk-driving arrests yearly, plus they catch only a small fraction of offenders.

The criminal justice system frequently reacts to drunk motorists by concentrating on their driving, for instance, if you take away driver’s licenses, restricting driving to sunlight hrs, or installing a breath analyzer that locks the ignition when the would-be driver continues to be consuming. But new information signifies that a powerful method of alcohol-involved crime is much more direct and straightforward: Get rid of the offender’s use of alcohol.

“24/7 Sobriety” was invented greater than a decade ago in South Dakota by a cutting-edge county prosecutor (and future condition attorney general) named Ray Lengthy. Lengthy figured that the very best utilisation of the power the criminal justice system ended up being to attack the function of alcohol in offenders’ lives directly by mandating these to abstain. Many idol judges across the nation order abstinence included in parole or probation, but Lengthy made the decision to really enforce it. Offenders’ consuming was monitored each day, typically by in-person breath tests each morning and evening. As opposed to the typically slow and unpredictable methods for the criminal justice system, anybody caught consuming faced one hundred percent possibility of arrest as well as an immediate consequence — typically 12 to 36 hrs in prison.

The approach is working, based on an assessment from the 24/7 Sobriety program by RAND researchers Greg Midgette and Love Kilmer.

Inside a sample in excess of 20,000 South Dakotans who was simply arrested multiple occasions for driving under the influence, they compared the final results of individuals individuals sentenced to 24/7 Sobriety to individuals who have been sentenced to typical community supervision.

The outcomes were impressive, with 24/7 Sobriety participants turning up and passing greater than 99 % of scheduled breath analyzer tests. With alcohol taken off their lives, 24/7 Sobriety participants were less inclined to be re-charged with any offense twelve months, 2 yrs and 3 years after their initial arrest. The second two periods are particularly impressive for the reason that individuals were typically on 24/7 Sobriety for under annually, indicating the benefits endured following the program stopped. This can be a favorable contrast to alcohol ignition interlocks, which generally reduce drunk driving just for the short time they have established yourself with an offender’s vehicle.

that we covered in 2016) demonstrating that substance-involved offenders on probation and parole are highly attentive to modest punishments for infractions, as lengthy as individuals effects are quick and certain. The positive implication is when the criminal justice system prioritizes consistency and speed of response when supervising substance-involved offenders, it might help roll back mass incarceration while concurrently helping offenders stop their substance use and protecting the general public from the harmful effects.

Job swap! Manchester and Stansted airport terminal bosses switch roles

The bosses of Manchester and Stansted airports are swapping jobs inside a bid to place their skills to best use as each site handles a significant project.

Andrew Cowan, leader of Stansted airport terminal, will swap together with his counterpart at Manchester, Ken O’Toole, in September. 

Manchester Airports Group (MAG) owns both sites.

Before joining the company in 2013 as chief operating officer, Mr Cowan was group leader of Robertson Group, among the largest individually owned construction, infrastructure and support services companies within the United kingdom.

The airport’s proprietors check this out experience as essential as Manchester Airport terminal begins a £1bn programme to construct a brand new terminal in order that it could make better utilization of its two runways.

At Stansted, meanwhile, Mr O’Toole, that has been boss of Manchester airport terminal since 2013, will focus on a task to create better utilisation of the existing runway while increasing the airport’s ability to 44 million passengers annually.

Stansted recently passed 25 million and it is capacity is presently limited to 35 million. 

Particularly Mr O’Toole will concentrate on developing the site’s route network, which lately saw flights to New You are able to and Boston added.

Just before joining MAG, Mr O’Toole spent six years with Ryanair, initially as mind of revenue management and latterly as director of recent route development.

Charlie Cornish, leader of MAG, stated both airports were “about to attempt significant periods of development and investment” which Mr O’Toole and Mr Cowan were the “right individuals to lead them in this critical time”.

Mr Cornish added the organization had handed the recently produced role of chief of staff to Collette Roche, who was simply at the organization since 2010, including most lately as acting md at Manchester airport terminal. In her own new role, her primary responsibilities are assisting to produce the group’s strategy and lead areas of the company for example IT, engineering services and health & safety.

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Is Shaun Sessions intending to crack lower on legal pot? This letter suggests he may be.

What’s going to occur to legal marijuana under President Trump?

Which has been a vexing question for cannabis advocates ever since Trump named criminal justice hard-liner Shaun Sessions (of “Good Individuals Don’t Smoke Marijuana” fame) as attorney general. Although Sessions’s beliefs about marijuana legalization are very well-known (he hates it), the separate question of what he promises to do about this has to date continued to be a mysterious. However a letter in the attorney general to officials in Washington condition, acquired now through the HuffPost, sheds considerable light on the question.

It shows that while Sessions remains deeply skeptical of efforts to legalize recreational marijuana use, the Justice Department’s actions around the issue are, for the time being, still determined through the Cole Memo, an Obama-era document that explains an insurance policy of federal non-interference with condition laws and regulations as long as public health insurance and public safety aren’t threatened.

However the letter includes a laundry listing of public safety and health concerns published by federal government bodies, potentially lounging the research for additional aggressive federal interventions in Washington and elsewhere in future years.

“A letter like this can be a pretty important indicator” of Justice’s current thinking on marijuana issues, stated John Hudak, a medication policy expert using the Brookings Institution. “It informs us the attorney general is seriously interested in enforcing marijuana law underneath the Cole Memo.”

A week ago the lawyer general received recommendations from the hands-selected task pressure about how the us government should approach marijuana legalization issues. But to date individuals recommendations weren’t released openly, prompting critique from advocates and people of Congress.

Sessions’s letter, dated This summer 24, reiterates that “Congress has determined that marijuana is really a harmful drug which the illegal distribution and purchase of marijuana is really a crime,” which “the Department remains dedicated to enforcing the Controlled Substances Act in a fashion that efficiently applies our sources to deal with the most important threats to public safety and health.Inches

While at first glance individuals sentences read as an aggressive statement of federal prerogative on marijuana enforcement issues, they are available nearly word-for-word in the 2013 Cole Memo, which set an insurance policy of federal non-interference, as long as numerous public health priorities, like stopping teen use and diversion with other states, were met.

As the Cole Memo reserved the best of federal government bodies to research and prosecute condition-legal marijuana operations anytime, federal attorneys generally kept away from doing this, having a few notable exceptions.

Sessions’s letter acknowledges correspondence from Washington along with other legal marijuana states, which characterize the Cole Memo as “indispensable” to individuals states’ marijuana regulatory structures. Sessions then procedes to underscore the ultimate sentence from the Cole Memo: “Nothing herein precludes analysis or prosecution, even even without the any of the factors in the above list, particularly conditions where analysis and prosecution otherwise serves an essential federal interest.”

Sessions then cites a litany of concerns concerning the connection between Washington’s regulatory experiment, culled from the report through the Northwest Intense Drug Trafficking Area (HIDTA), a federally funded drug task pressure. Individuals concerns include diversion of legal marijuana from Washington with other states, a rise in motorists testing positive for past marijuana use, and a rise in marijuana-related calls towards the state’s poison control center.

“This report raises serious questions regarding the effectiveness of marijuana ‘regulatory structures’ inside your condition,” Sessions concludes.

Legalization opponents were happy with the letter. “Public health insurance and road safety suffer,Inch stated Kevin Sabet from the group Smart Methods to Marijuana. “This letter shows that the Feds are seriously interested in obtaining a full accounting of what’s really happening in states with legal marijuana.”

But Hudak has own concerns concerning the precision of information Sessions is counting on. Individuals reports are compiled exclusively legally enforcement government bodies and therefore are “notorious for cherry-picking data and neglecting to put data into context,” Hudak stated. He highlights that although the report was issued in 2016 it offers only data covering the very first six several weeks of Washington’s commercial market, which opened up halfway through 2014.

“We have no idea, according to [the HIDTA] data, what Washington has been doing since that time,Inches Hudak stated. “The attorney general is drawing these grand conclusions according to incomplete data or data removed from context.”

Governors in Or and Colorado have submitted their own reports towards the attorney general, offering generally positive assessments from the marijuana markets there: Condition and federal data sources show youth drug abuse is lower, for example. The legal marketplace is generating a large number of jobs and billions in business activities. Arrests are lower and traffic fatalities are flat.

These effects are simply as vital to think about because the potentially negative ones, Hudak states. But to date Sessions has provided little indication that he’s thinking about a complete portrayal from the data.

“The attorney general comes with an agenda with regards to marijuana,” Hudak stated, “and he’s searching at what’s going on in Washington with obvious blinders with that permit him to see only what he really wants to see, not always what the truth is on the floor.Inches

FTSE 100 pushes up towards all-time high as more powerful dollar lifts United kingdom stocks

  • European equities continue being lifted through the more powerful dollar holding Friday’s gains against the pound and euro
  • Miners lead the gainers on the FTSE 100 thanks to an iron ore cost rally housebuilders rebound from Friday’s sell-off
  • House cost growth drops to 4 year low fall attributed to sluggish wage growth

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9:13AM

Paddy Power Betfair plunges after announcing leader departure

Investors have reacted negatively this news that Breon Corcoran will step lower as Paddy Power Betfair leader after 16 years

The only big mover around the FTSE 100 to date today is Paddy Power Betfair, that has dived 6.8pc following a announcement that leader Breon Corcoran’s 16-year reign in the bookie has ended and that Worldpay boss Jackson is going to be his successor.

In the other finish, medical supplier ConvaTec has rebounded from Friday’s losses to guide nowhere-nick index, rising 2pc in early stages, as the FTSE 250 has nudged up into positive territory with defence and technology group QinetiQ evolving 4.8pc on the broker upgrade from Goldman Sachs.

Spreadex analyst Connor Campbell is not too hopeful from the excitement obtaining in the near future:

“Now, and also the first half especially, is definitely an absolute snooze, tumbleweed drifting over the economic calendar until Thursday’s United kingdom manufacturing data and Friday’s US inflation studying.  

“That explains why the markets were relatively muted following the bell – not particularly negative, just fairly sluggish. The FTSE nudged around 15 points greater, maintaining your index in a 7530, 7 week high after it taken advantage of last week’s pound-pummelling Bank of England dovishness.  

“Speaking of sterling, the currency doesn’t look prone to recover last week’s chunky losses in the near future.Inch 

8:50AM

House prices grow at cheapest annual rate in 4 years

House prices within the three several weeks to This summer were 2.1pc greater compared to exactly the same three several weeks last year

Annual house cost growth slowed to its cheapest rate in This summer since 2013, based on data just released by Halifax.

Prices fell by .2pc on the quarterly basis, the 4th successive quarterly fall, while home sales between May and June dipped by 3pc. The average United kingdom house cost arrived at £219,266 with prices within the three several weeks to This summer being 2.1pc greater compared to exactly the same three several weeks last year.

Russell Galley, md at Halifax Community Bank, blamed the squeeze on spending power brought on by sluggish wage growth for that housing market’s ongoing struggles. 

However, he added that prices should be based on the reduced type of loan atmosphere as well as an ongoing lack of qualities for purchase.

Mr Galley commented:

“House prices still remain broadly flat, because they have since the beginning of the entire year.

“The increase in the use level by 175,000 within the three several weeks to May helped push the unemployment rate lower to 4.5%, the cheapest since June 1975. However, this improvement within the jobs market hasn’t, up to now, boosted wage growth, leading to earnings rising in a slower rate than consumer prices.

“This squeeze on spending power, along with the effect on property transactions from the stamp duty alterations in 2016 now being realized, together with affordability concerns, have the symptoms of led to less strong housing demand.”

The availability of home for sales ongoing to remain low

8:27AM

Agenda: Global stock markets continue being lifted by US jobs data

Welcome to the live markets coverage.

European equities continue being lifted by Friday’s strong US jobs data within the new week with the resultant stronger dollar still pushing lower the euro and pound. 

Around the foreign currency markets, the pound is stuck at Friday’s lows from the dollar, buying and selling at $1.3043, while from the euro it’s nudged lower to €1.1070.

Iron ore prices rallying to some four-month high has lifted the FTSE 100 miners in early stages as the housebuilding stocks have rebounded from Friday’s sell-off according to fears the government’s Assistance to Buy plan was threatened by. The general index has advanced around 20 points today, nearing its all-time closing a lot of 7,547.63

Corporate news is very thin on the floor today without any blue-nick stocks reporting interim results. Bookie Paddy Power Betfair unveiling Worldpay boss Jackson since it’s new leader may be the highlight. 

It is also searching just a little light around the financial aspects front with United kingdom house cost data due any minute now and investor confidence figures in the eurozone another focus for investors today. 

Interim results: Ultra Electronics Holdings, Telit Communications 

AGM: Akers Biosciences

Financial aspects: Halifax house cost index m/m (United kingdom), Work market conditions index m/m (US), Credit (US), Sentix investor confidence (EU), Industrial production m/m (GER)