Solar farm that will power 11,000 homes approved
A solar farm that will generate enough energy to power about 11,000 homes every year has been allowed after developers won an appeal.
Land to the east of Denchworth, Oxfordshire, will be used despite Vale of White Horse District Council turning the plan down in May 2024.
Renewable Connections Developments Limited appealed that decision with the Planning Inspectorate and the refusal was overturned earlier this month.
The company will now be able to use Manor Farm to build the 30MW site after planning inspector Steven Rennie said the "weight of beneficial considerations" meant it should go ahead.
The council said previously that the impact on views of the North Wessex Downs and Denchworth meant that it should not be allowed.
But the inspector said, while there will be an adverse impact on the area's character, planting and other landscaping around it will gradually soften its wider impact.
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Politico
19 minutes ago
- Politico
IRA incentive boosters take to the airwaves
Presented by Recycled Materials Association With Daniel Lippman AD BLITZ: Advocacy groups and trade associations continue pouring money into advertising to support various priorities in the reconciliation bill. Two new campaigns launched this week to support the Inflation Reduction Act's clean energy incentives alone. — They include a six-figure ad blitz from Advanced Energy United, a coalition made up of energy stakeholders and tech companies that is targeting Republican senators the group sees as winnable on the issue of protecting the IRA tax credits. — The digital campaign, the details of which were shared exclusively with PI, will target constituents of Sens. Todd Young (Ind.), Tim Scott (S.C.), Dave McCormick (Pa.), Thom Tillis (N.C.) and Jerry Moran (Kan.) with display and Facebook ads touting the economic benefits of the IRA incentives in their respective states. The ads will also run inside the Beltway to target Hill staffers. — The ad buy will be accompanied by a letter campaign from local energy companies urging senators like Sen. John Cornyn (R-Texas) to protect the clean energy incentives. It follows a similar campaign on the House side by the coalition, whose members include NRG, Microsoft, Blink, Rivian, Oracle, Carrier and Ford. — A second new campaign to save the IRA provisions is focused on persuading President Donald Trump (or at least his inner circle). The $2 million ad buy from GOP-led Built for America will run over the next three weeks on platforms closely watched by Trump and his allies, including on Fox News, Truth Social and various conservative podcasts. — The 30-second spot borrows Trump's own language to make the case against gutting the tax credits, contending that 'Trump country is booming' thanks to the incentives, which are helping put 'America first.' — The Association of Equipment Manufacturers is also out with a new nationwide ad buy supporting the reconciliation bill's tax extensions specifically, with a minute-long ad arguing that the bill would keep equipment manufacturers in America by providing certainty to make investments. Happy Wednesday and welcome to PI. Send tips. You can add me on Signal, email me at coprysko@ and be sure to follow me on X: @caitlinoprysko. FIRST IN PI — FLANAGAN'S CORPORATE MONEY FLIP-FLOP: Minnesota Lt. Gov. Peggy Flanagan, who's running for an open U.S. Senate seat, has made rejecting corporate money a major part of her campaign platform. But she accepted millions of dollars in corporate cash on behalf of the Democratic Lieutenant Governors Association when she was its chair, Daniel reports. — Flanagan's launch video said she wouldn't take 'one dime from corporate interests.' In April, she said in a video on X that 'taking corporate money is a choice' and she is 'not taking money from corporations and I never will.' — But Flanagan helped raise more than $2 million in corporate money last year when she was chair of the DLGA. 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The presidential transition and flip in control of the Senate can ripple into K Street bottom lines, with one-person firms especially susceptible.' — Still, 'more than 50 solo shops reported revenue of $1 million or more last year, according to a Bloomberg Government analysis of federal lobbying disclosures, accounting for nearly $80 million in fees.' INSIDERS, TRADING: 'As markets tanked in the wake of President Trump's 'Liberation Day' tariffs in early April, members of Congress and their families made hundreds of stock trades, shining a spotlight on a controversial practice that some lawmakers have pushed to ban,' according to the Wall Street Journal's Katy Stech Ferek, Jack Gillum, James Benedict and Gunjan Banerji. — 'From April 2, when Trump launched the sweeping tariffs, to April 8, the day before he paused many of them, more than a dozen House lawmakers and their family members made more than 700 stock trades, according to a Wall Street Journal analysis of disclosure filings.' FLY-IN SZN: A handful of health care groups headed to the Hill today, including the Children's Hospital Association, which focused on urging lawmakers to strengthen Medicaid, grow the pediatric health care workforce and address the mental health crisis among youth. Kidney Care Partners also trekked up Pennsylvania Avenue to lobby for improved access and coverage for those with kidney failure. — Advocates with the American Telemedicine Association were in town as well to advocate for the industry's top priorities, which include making permanent various telehealth permissions and expanding coverage for telehealth services, including prescription digital therapeutics and virtual medical nutritionists. The trade group was slated to meet with more than 40 offices on the Hill, including leaders in the House and Senate and on key committees. — And more than 1,000 homebuilders were fanning out across Washington for a fly-in focused on several priorities of the National Association of Home Builders, including loosening energy standards for new homes and addressing workforce shortages. — Tax policy was also expected to be front of mind in the group's more than 250 meetings on the Hill and with the Trump administration: NAHB is pushing for an expanded low-income housing tax credit, fewer SALT cap restrictions and the preservation of clean energy tax credits. — Leaders from the convenience services industry will be on the Hill tomorrow, but the National Automatic Merchandising Association will kick off the fun with a pop-up micro market at tonight's Congressional Baseball Game. SPOTTED at a reception hosted by the Alpine Group celebrating the recent opening of the firm's new Dallas-Fort Worth outpost, per a tipster: Keenan Austin Reed, Barry Brown, Rhod Shaw and Greg Walden of Alpine Group; Pat Shortridge of TrailRunner International; Stewart Hall of PPHC; Reps. Beth Van Duyne (R-Texas), Marc Veasey (R-Texas), Brandon Gill (R-Texas) and Jodey Arrington (R-Texas); Katie Vincentz and Russell Thomasson of Arrington's office; Andrew Leppert of Gill's office; Ryan Dilworth and Brayden Woods of Van Duyne's office; Tasia Jackson of House Minority Leader Hakeem Jeffries' office; Mark Longoria of Rep. Michael Cloud's (R-Texas) office; Matt Esguerra of Rep. Lance Gooden's (R-Texas) office; Karen Navarro of Rep. Monica De La Cruz's (R-Texas) office; Raven Reeder of Del. Eleanor Holmes Norton's (D-D.C.) office; Hayden Upchurch of Rep. 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Yahoo
39 minutes ago
- Yahoo
Fund manager who sold Tesla, just in time, says investors are overlooking these tech bargains
Two weeks ago, Wall Street veteran Gary Black sold his remaining Tesla shares, helping clients sidestep a selloff driven by a public fallout between Chief Executive Elon Musk and President Donald Trump. Black's unease with Tesla TSLA goes back a ways. When the managing partner of The Future Fund launched the One Global ETF FFND in August 2021, he snapped up Tesla, which quickly became the biggest position. By the second quarter of 2022, he began to trim as Musk started cutting electric-vehicle prices. Why Goldman Sachs says high-flying tech stocks may be headed for a tough stretch 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell? U.S. debt-limit deadlock is making this favorite asset more scarce My friend, 83, wants to add me to his bank account to pay his bills. What could go wrong? One of our children has legal knowledge and lives far away, the other lacks financial savvy but lives nearby. Who should we appoint as executor? 'We didn't think that was a smart move. It turned out not to be a smart move, because they didn't get any incremental volume,' Black told MarketWatch in an interview on Monday. His Tesla haircuts continued, peppered by such worries as 'hype around unsupervised autonomy,' and when he finally exited it completely at $358 per share, valuation had gotten 'excessive.' Tesla shares need to be priced 'a lot less than they are today' for Black to repurchase. 'I don't want to call this stock uninvestable because at some price we would buy it back again, but with that level of volatility it almost makes the stock uninvestable at times,' he said, adding that Musk needs to 'keep his mouth closed and focus on the business.' Black, whose nearly 30-year career includes stints as CEO of Aegon Asset Management and Janus Capital, and his firm look after about $72 million in One Global, and the Long/Short ETF FFLS, roughly $49 million. 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We're always wary, especially in the growth space, that you've got speculative excess, and I think there are areas where people are just getting overly exuberant about prospects. And that's always negative,' said Black. Read: 'Big Money' turns bullish on stocks. Will that lead the S&P 500 to a 'melt up'? U.S. stocks SPX DJIA COMP are inching higher, while Treasury yields BX:TMUBMUSD10Y BX:TMUBMUSD02Y drop. Key asset performance Last 5d 1m YTD 1y S&P 500 6005.88 1.18% 2.77% 2.11% 12.03% Nasdaq Composite 19,591.24 1.81% 4.72% 1.45% 13.95% 10-year Treasury 4.456 -1.40 -1.70 -12.00 5.10 Gold 3349.9 -0.80% 2.93% 26.92% 43.53% Oil 65.56 3.50% 3.03% -8.78% -16.14% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. Trade talks between the U.S. and China continue in London on Tuesday. Tesla shares TSLA are tracking Monday's gains after more signs of a cooling feud between Musk and President Trump. J.M. Smucker stock SJM is down 7% after mixed results and a weak profit forecast from the food maker. Uber UBER said it's going to pilot self-driving cars in London. Tencent Music TME is reportedly buying China audio platform Ximalaya for $1.26 billion. The shares are rising. GameStop GME reports results after the close, and this analyst isn't that upbeat. A small-business optimism index was slightly more upbeat for May, with those expecting better business conditions at a historical high. Gold and the S&P 500 are chasing record highs at the same time. Here's why that's so rare. The White House marching orders that sparked the L.A. migrant crackdown. Mark Zuckerberg is handpicking a new 'superintelligence' AI team. Here's more evidence institutional investors are buying stocks again. This State Street risk-appetite index, based on the firm's $44 trillion of assets under custody and administration, shows 'long-term investor allocations to equities rose anew in May to levels last seen on the cusp of the Liberation Day announcement in early April,' said Dwyfor Evans, strategist at State Street Global Markets. While flows to stocks rose, investors continued to shun the dollar and U.S. Treasurys, Evans said. These were the most searched tickers on MarketWatch as of 6 a.m. Ticker Security name TSLA Tesla NVDA Nvidia GME GameStop PLTR Palantir Technologies PLUG Plug Power AAPL Apple TSM Taiwan Semiconductor Manufacturing AMD Advanced Micro Devices KLTO Klotho Neurosciences AMZN Amazon No joke. Comedian on why planes crash. Who you gonna call? Frustrated couple 'steal back' their own Jaguar. 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? 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Bloomberg
an hour ago
- Bloomberg
Brazil Top Court Forms Majority to Boost Social Media Oversight
Brazil's Supreme Court formed a majority in favor of further regulating social media companies, the latest effort by authorities to hold tech giants accountable for illegal content posted on their platforms. Justice Gilmar Mendes on Wednesday evening became the sixth of the court's 11 judges to vote that websites such as Facebook, Instagram, TikTok and X should be responsible for taking down fake news and vitriolic content even before legal orders to do so, and can face sanctions if they don't.
