Goldman Sachs in talks to invest £250m in challenger OVO Energy

first_img Share Angharad Carrick The valuation attached to Goldman’s investment is expected to be £2bn and £3bn, solidifying its role as a rival to the likes of British Gas and Scottish Power. whatsapp (Getty Images) (Getty Images) Also Read: Goldman Sachs in talks to invest £250m in challenger OVO Energy Kaluza is an intelligent energy platform which helps with efficiency by using artificial intelligence and machine learning. Goldman Sachs in talks to invest £250m in challenger OVO Energy It could raise between £250m and £300m concluding OVO’s plan to raise capital to accelerate its expansion, which began last autumn. Sky News reported Goldman will likely own a substantial minority stake in the energy company. (Getty Images) Also Read: Goldman Sachs in talks to invest £250m in challenger OVO Energy center_img whatsapp A private investment division of Goldman Sachs’ asset management division is in “advanced” talks with the company, Sky News reported, and the deal could be announced within weeks. A division of Goldman Sachs is reportedly in talks to invest £250m into the UK’s second largest energy supplier OVO Energy. Founded in 2009, OVO Energy has grown to become one of the country’s largest energy suppliers and last year closed a £500m deal for SSE’s retail arm, which brought its customer numbers up to nearly 5m.. Insiders told Sky News the cash would help OVO expand its software platform Kaluza internationally after recently announcing a joint venture with Australian company AGL. It is the first external capital raising since the Mitsubishi Corporation bought a 20 per cent stake in OVO in early 2019. Goldman Sachs declined to comment. Friday 30 April 2021 3:53 pm Show Comments ▼last_img read more

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Trial of former Arizona lawmaker in Juneau may receive nationwide attention

first_imgCrime & Courts | Juneau | SoutheastTrial of former Arizona lawmaker in Juneau may receive nationwide attentionApril 26, 2018 by Matt Miller, KTOO Share:The trial of a man accused in the death of a jeweler in Excursion Inlet may have a nationwide audience.Mark Anthony DeSimone, 55, is accused of shooting Duilio Antonio “Tony” Rosales, 34, twice in the back of the head in May 2016.Because of DeSimone’s history in Arizona, his case has received significant attention from outside Alaska.DeSimone served in the Arizona House of Representatives until he was forced to resign.He was arrested in June 2008 for assaulting his wife while his young daughter watched.The Associated Press is covering the trial for newspapers and broadcasters in Southwest U.S. while the Law and Crime Live Trial Network may be live streaming the entire trial.Law and Crime was created by Dan Abrams, who is also chief legal affairs anchor for ABC News and the host of LivePD on the A&E Network.The Washington Post published stories about the incident and pending start of trial, as well as the New York Times.Jury selection began Wednesday.The Juneau Superior Court trial is expected to last as long as three weeks.DeSimone faces two counts of second-degree murder, and one count each of first-degree murder, manslaughter and criminally negligent homicide.Rosales worked as a jeweler for Bill Young, owner of the former Jewel Box store in downtown Juneau while DeSimone worked as a day laborer.At the time of the shooting, Young hosted a group of people — including Rosales and DeSimone — during a hunting trip in Excursion Inlet.During a pre-trial hearing last week, prosecutors and DeSimone’s defense agreed to the type of photos of Rosales  that could be shown to jurors without being prejudicial to DeSimone’s defense.The attorneys also agreed to the boundaries of testimony about medications photographed by investigators inside a cabin room, and the size and shape of stippling or blood patterns at the shooting scene.DeSimone’s defense also made the rare and unusual request to “dry fire” the alleged murder weapon at trial.Alaska court rules specify that all firearms presented as evidence must be unloaded and disabled, but a judge could make an exception.DeSimone’s defense wants to use silicone dummy rounds to demonstrate the action of the .41 Magnum double-action revolver.Share this story:last_img read more

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Here’s the Disney Magic that Brings Aladdin to the Stage

first_imgTheaterHere’s the Disney Magic that Brings Aladdin to the StageThe live musical at the Hollywood Pantages is so lavishBy Brittany Martin – January 19, 2018830ShareEmailFacebookTwitterPinterestReddItDisney does not do things half-way. And so, when it came to adapting the beloved 1992 animated film Aladdin into a live-action Broadway show, they pulled out all the stops. Alan Menken and Tim Rice, the team who, along with Howard Ashman, were responsible for the music from the film, got back together to work on creating new and expanded songs, and an all-star creative team (with a truckload of Tony Awards amongst them) developed eye-popping sets, jewel-drenched costumes, and some technical innovations never staged in a theater before.Photograph by Deen van Meer, courtesy of Disney Theatrical ProductionsNow, almost four years after the show hit Broadway, they’ve taken it on the road for the first time, making a Los Angeles debut at the Hollywood Pantages Theatre. As you settle in for a sparkly and rainbow-colored show, here are a few details to keep in mind.All the sets for Aladdin were designed by Bob Crowley who is considered something of a living legend in the theater world. He has won seven Tonys (19 total nominations), including for his work on Once, Mary Poppins, and An American in Paris. Among the details you’ll want to keep your eyes out for if you’re in the audience are a gilded cityscape (which, we’re told, is build from the same flexible, metallic material used to make C-3PO’s costume in the new Star Wars films), some 84 individual special effects pulled off by the tech team, and no less than 38 tons of scenery, lighting, and equipment that’s rigged to fly through the air.Photograph by Deen van Meer, courtesy of Disney Theatrical ProductionsTo stand out amid all of that, the company of 35 actors is outfitted in costumes that deserve their own round of applause. Designer Gregg Barnes spent six hours hand painting each rendering before a team of 342 artisans began to bring the costume to life. Fashioning all the trousers, cloaks, jackets, and outrageous headpieces required sourcing fabrics and trims from Morocco, Turkey, Uzbekistan, and 10 other countries around the world. And then there are the rhinestones. On a single costume for a male performer in the finale number, there are 8,644 individual Swarovski crystals; on Jasmine’s wedding gown costume, there are almost 12 pounds of them.Pulled all together, it’s an impressive display—but, of course, we would expect nothing less.Disney’s Aladdin runs at the Hollywood Pantages Theater through March 31.RELATED: Six Los Angeles Poets You Should Be ReadingStay on top of the latest in L.A. food and culture. Sign up for our newsletters today. TAGSDisneyHollywood PantagesMusicalsTheaterPrevious article6 Los Angeles Poets You Should Be ReadingNext article9 L.A. Activists You Need to Follow on Social MediaBrittany Martin RELATED ARTICLESMORE FROM AUTHORHere’s the Lowdown on Rising Star Olivia RodrigoWhat Will Become of an Upcoming Disney Movie Starring Armie Hammer?Disney Is Reportedly Considering Sending Some of Its Biggest Upcoming Movies Straight to Streaminglast_img read more

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Funding for library supports as new broadband points set to come on stream

first_img Electric Picnic WhatsApp By Alan Hartnett – 8th October 2020 Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Electric Picnic Home News Funding for library supports as new broadband points set to come on… News WhatsApp €16,342 has been allocated for Library Supports in Laois – it has been announced.This funding will be allocated for two specific areas.It will be used to purchase Lexia licences. This programme provides explicit, systematic, personalized learning in the six areas of reading instruction, targeting skill gaps as they emerge, and providing teachers with the data and student-specific resources they need for individual or small-group instruction. The money will also be used to roll out library services to those cocooning and vulnerable persons over the course of the next four months during this unprecedented COVID-19 era.Welcoming the news, TD Charlie Flanagan said: “The funding has a specific focus and is aimed at groups such as the elderly, the Traveller Community, those with disabilities and people living in Direct Provision.“Part of the funding will be used to purchase literacy/numeracy digital skills licences/apps to assist people with low literacy levels, learning differences, visual or hearing impairments.“This funding will have real positive benefits for so many people. I am delighted that this funding has been allocated to libraries here in Laois and across the country.“The last few months have been very difficult and any funding which helps our libraries to reach out and engage with communities is most welcome.” Meanwhile, the Fine Gael TD has also says the three new broadband connection points in Laois are a key element of the Government’s National Broadband Plan.Vicarstown Community Centre, Oisin House Rossmore and Emo Community Centre have all been fitted and are providing free high speed broadband.Mr Flanagan said: “Broadband Connection Points (BCPs) are among the first premises to be connected under the National Broadband Plan and are located in some of the most isolated and rural communities in the country“They will provide communities Laois free high speed internet access at publicly-accessible sites under the Government’s new Connected Communities initiative.“The COVID-19 crisis has shown the value of digital technology in enabling workers, businesses and families in Laois to stay connected and in touch with each other.“The BCPs are intended to bring people together through digital connectivity, and it’s that togetherness that I want to emphasise.“When people can work from their own communities here in Laois, they can maintain the close connections that matter most: family, friends, community, and their homes.“More than that, they can support local businesses, sports and community groups, all of which contributes to sustainable communities.” Pinterest News Pinterestcenter_img Facebook RELATED ARTICLESMORE FROM AUTHOR Electric Picnic organisers release statement following confirmation of new festival date Funding for library supports as new broadband points set to come on stream Twitter TAGSBroadbandlibrary Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Previous articleIncrease in cases moves Laois to 12th highest incidence rate of Covid-19 in IrelandNext articleLaois gardai arrest disqualified driver and also seek owner of bag recovered from separate arrest Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Facebook Twitter SEE ALSO – WATCH: Laois woman’s encounter with Freddie the fox makes ITV Newslast_img read more

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‘Crisis in June’ Is It Concealment or Turnover?

first_img Facebook Twitter News ‘Crisis in June’ Is It Concealment or Turnover? Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News AvatarShin Joo Hyun SHARE RELATED ARTICLESMORE FROM AUTHORcenter_img There are signs that North Korea is running into serious difficulties with its corn harvest News News By Shin Joo Hyun – 2005.06.12 1:32pm [imText1]It is June which people anticipated that a crisis might be surged in Korean peninsula because of North Korea nuclear. What is going on in Korean peninsula at this moment? South Korea increased interchange and cooperation with North Korea as if the crisis in June is already over. Even though North Korea reduced personnel for the talk which is scheduled on 1st of June, 6.15 joint events and the ministerial talk is followed as scheduled. ‘Crisis in June’ was occurred because of around country’s lack of patient and the possibility of nuclear test by North Korea, but not any additional treatment was come out yet. ‘Kyodo News’, a Japanese newspaper, reported on 2nd of June that “Christopher R. Hill, Assistant Secretary of State, and Sasae Kenichiro, the chief of Foreign Affairs Ministry, evaluated that nuclear test by North Korea will not be happened easily.” Therefore, the crisis can be solved by a dialogue with North Korea. Direct dialogue between North Korea-US and South Korea-North Korea are in progress and South Korea-US summit talk which will be really crucial for nuclear crisis in North Korea is scheduled on 11th of June. The inside circumstance, however, is totally different as the outward. Around countries are trying to bring North Korea to 6 nation talk. However, North Korea still takes a firm attitude. ‘Crisis in June’ is settled down in a way, but Korean peninsula is still making an uncertain signal. When we take into consideration about interchange between two Koreas these days, North Korea will not make additional threats which can aggravate the situation. North Korea will get additional fertilizers and food supports from South Korea until the ministerial talk is over. North Korea will use ‘national cooperation’ as a part of tactic to press the US. North Korea decided to strengthen ‘national cooperation for peaceful unification’ in June South Korea-the US summit conference shall be the decisive factor. There is a huge difference between Washington and Seoul about the matters related to South Korea-the US alliance. Many people think that it is an important summit meeting because something is going on in the alliance at this moment. Some people are anticipating that a deal which giving ‘alliance’ and taking ‘North Korea nuclear’ between South Korea and the US shall be achieved in the summit. It means South Korea is focusing on recovering alliance with the US and the both countries might make a compromise temporarily for North Korea nuclear. The problem is that there is a huge difference between South Korea and the US about dealing with North Korea nuclear. If the both parties can not overcome the difference about the solution for North Korea nuclear in the summit, North Korea shall use ‘national cooperation’ and then North Korea might conduct a nuclear gamble taking South Korea and Japan as hostage. North Korea use the ministerial talk to protect it against the USThere is significance in the ministerial talk which is held as of 21st of June in Seoul. North Korea might make a signal related to returning to the six party talk. In other words, North Korea might act as if it gives a power to South Korea, and it will get economic supports from South Korea. A scenario which we can anticipate easily is that two Koreas might make a principle-level mutual agreement such as ‘two Korea will work together to return to the six party talk’. If so, South Korea can achieve political outcome and North Korea can get the actual profit and strengthen ‘national cooperation’. In the end, there is a high possibility that North Korea would use South Korea as a shield against the US. ‘Crisis in June’ shows signs of changing to ‘Great Change’. In Washington conference for South Korea-the US alliance which was held last month, US officials emphasized that South Korea’s position is really important to solve North Korea nuclear.Some experts point out that if South Korea do not abandon optimistic view about North Korea nuclear and do not access to North Korea nuclear with realistic attitude, North Korea shall aggravate the situation using South Korea as a shield. Huh Mun Young, the chief researcher of Korea Institute for National Unification, said that “it is when we need to think that the situation in Korean peninsula is in crisis” and added that “if South Korea and the US make a firm cooperation through the summit, it would be a turning point to solve North Korea nuclear, or a dramatic aggravation shall be expected.” North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

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OSFI releases final new capital rules for mortgage insurers

first_img Related news Mortgage insurer exercising ‘heightened vigilance’ in Alberta OSFI proposes new capital requirements for mortgage insurers Canadians’ debt ratio dips but still near record high OSFI issues guideline on mortgage insurance The Office of the Superintendent of Financial Institutions Canada (OSFI) has released the final version of new capital requirements for mortgage insurers that aim to modernize the approach to ensuring these firms can withstand a major downturn in the housing market. Share this article and your comments with peers on social media Facebook LinkedIn Twitter OSFI’s new requirements “define a new approach for the regulatory capital requirements for mortgage insurance risk that is more risk sensitive and incorporates key characteristics such as borrower creditworthiness, outstanding loan balance, loan-to-value ratio, and remaining amortization,” the federal regulator states. The new requirements, which will take effect on Jan. 1, 2017, aim to ensure “a level of conservatism in the protection provided to policyholders and other creditors of the mortgage insurers, and is adaptable to future changes,” OSFI says. The new standards are intended to establish the right risk-management incentives for mortgage insurers; to create a framework that is adaptable to future changes in accounting standards; and to do a better job of setting capital requirements. The new requirements, OSFI says, introduce “a new standard approach that updates the capital requirements for mortgage insurance risk and increases the probability that mortgage insurance companies can absorb severe but plausible losses.” The requirements were proposed in September and OSFI says it made several changes resulting from the feedback it received during the consultation period. For example, OSFI has introduced transition arrangements on the use of borrower credit scores; simplified and recalibrated the formulas for determining supplementary capital requirements; and added formulas for determining the requirements when the term of insurance is less than five years. “The market has evolved considerably since the capital framework for mortgage insurers was last updated,” says OSFI superintendent, Jeremy Rudin, in a statement. “The new framework places us at the vanguard of understanding and quantifying the risks in mortgage insurance.” Photo copyright: maxxyustas/123RF Keywords Mortgage insuranceCompanies Office of the Superintendent of Financial Institutions James Langton last_img read more

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$66 Million Allocated to Irrigation Project

first_imgRelated$66 Million Allocated to Irrigation Project $66 Million Allocated to Irrigation Project UncategorizedApril 1, 2008 Related$66 Million Allocated to Irrigation Project Related$66 Million Allocated to Irrigation Projectcenter_img FacebookTwitterWhatsAppEmail The National Irrigation Development Project has been allocated $66 million in the 2008/09 Estimates of Expenditure, now before the House of Representatives.Funded by the Government and the Caribbean Development Bank (CDB), the project’s immediate objective is to increase crop production and diversity, thereby increasing farm incomes and rural development in the long run. The overall National Irrigation Development Plan has three pilot projects being undertaken at Pedro Plains and Hounslow, St. Elizabeth, and Seven Rivers,St. James.The project, which was initially undertaken between May 2002 andJanuary 2007 and was extended to December 2007, will continue through to December 2008.Up to February 2007, significant achievements had been attained, including the rehabilitation of four wells, and installation of new switchgear and pumps at these locations; installation of new pipelines and partial replacement of old asbestos pipes; installation and testing of pipes, fittings, and appurtenances for the Seven Rivers and Little Park/Beacon Irrigation Systems, and installation and testing of pumps and switchgear equipment for the Little Park/Beacon Irrigation System.Additionally, the services of a Social Organizer and Engineering Consultant were engaged; a Project Steering Committee was established, and three Water User Associations (WUA) were registered with the Department of Co-operatives.For the 2008/09 fiscal year, activities anticipated will include: procurement of on-farm equipment for farmers in Sevens River and Beacon/Little River; continuation of irrigation training, incorporating the resources of the Agricultural Support Services Programme (ASSP), and the Rural Agricultural Development Authority (RADA); continuation of land tenure regularization activities in Pedro Plains and Seven Rivers, as well as engagement of agronomists and marketing consultants to work with farmers, and a Water Users Association Consultant to work with WUA members. Advertisementslast_img read more

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Aged Care Budget:: Neglect Continues

first_imgAged Care Budget:: Neglect Continues doctors reform societyAged Care Budget: Neglect Continues“The new spend on Aged Care in the Federal Budget is an extremely disappointing response to the Government’s own Royal Commission”, said Dr Tim Woodruff, President, Doctors Reform Society. “It basically ignores the most immediate and pressing recommendations of the Royal Commission. It has dramatically increased funding but much of its promises are in the future,” said Dr Woodruff.“The title of the interim report of the Royal Commission was starkly called ‘Nelect’. Neglect continues under a Government more interested in funding a questionable fossil fuel funded recovery of our economy than care for the neglected Aged Care sector.”“Various estimates of the cost of addressing the Aged Care disaster range from $7-10 billion a year. This parsimonious ‘big spending’ Government has only found about $3 billion per year. ““It has ignored its Royal Commission advice to clear the Home Care Package waiting list by 31 December 2021. This, said the Commission, should be completed by 31 December 2021 (Recommendation 39). The Government has not allocated sufficient funds to clear the waiting list, let alone to do it by 31 December 2021.”“It has adopted increased contact hours recommended but delayed the changes from 2022 to 2023. What’s a year in the life of someone with a life expectancy of a year or two? To a neglectful Government , not much it seems.”“Sadly the priorities are elsewhere” said Dr Woodruff. ” The neglected will remain neglected, just slightly less. Many will be dead before any significant changes occur.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:aged care, Commission, disaster, Economy, Federal, federal budget, Fossil, future, Government, home care, life expectancy, President, reform, royal commission, Society, spendinglast_img read more

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US operators bite back at FCC chief as net neutrality heats up

first_imgHome US operators bite back at FCC chief as net neutrality heats up Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more LIVE FROM CTIA SUPER MOBILITY WEEK: US mobile operators lined up to hit back at calls for them to be covered by the same net neutrality rules as fixed players.Executives from AT&T, Sprint owner Softbank and T-Mobile US – three of the four leading US operators – spoke out in a session on net neutrality and network investment, following a strong appearance the previous day by FCC chief Tom Wheeler.Net neutrality was one of three areas on which Wheeler talked.His speech was referenced by Bruce Gottlieb, Softbank’s EVP of legal and regulatory affairs, who picked up on an observation Wheeler made about walled gardens, a failed attempt by operators several years ago to control the mobile internet.“It suggests that competition does not assure openness,” Wheeler said 24 hours earlier.Gottlieb argued that there has been “a real shift to more open mobile environment” since the old days. “To my view, the trend has been very positive,” he said, the point being that potential concerns were answered by industry itself without regulatory intervention.Wheeler said companies including Microsoft argued in favour of the same legal framework applying to both mobile and fixed players for net neutrality.The basis for this argument is that the market power of mobile broadband has risen markedly since 2010, when the rules were devised.Leonard Cali, SVP of global public policy with AT&T Service, disagreed. Managing a radio network is different from running a fixed network, he said. “Taking one set of rules from one platform and applying to another is not the answer.”The existing rules strike the correct balance between mobile and fixed networks, he said, a point backed by Luisa Lancetti, T-Mobile US’s chief counsel for law and policy. “The current balance is extremely effective,” she said.“The balance of requirements will remain different between fixed and wireless,” she continued, because of their inherent properties. Richard Handford Related T-Mobile US chief predicts market rebound AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 11 SEP 2014 Author FCC mulls expanded Huawei, ZTE bans Amazon reels in MGM Previous Article‘Outsider’ T-Mobile US pushes VoWi-FiNext ArticleApple linked with Path buy Tags AT&TFCCNet NeutralitySoftBankT-Mobile USlast_img read more

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UPDATE: Montana Seeks Wolf Kills Despite Federal Protection

first_img Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Email BILLINGS – Documents released Monday show that Montana is seeking federal approval to kill 186 endangered gray wolves in a special “conservation hunt” and neighboring Idaho wants permission to remove up to 50 of the predators that officials say are eating too many elk.The states’ proposals to kill the wolves come despite a court ruling that restored the animals’ endangered species status.In separate applications filed over the last two weeks with the U.S. Fish and Wildlife Service, Idaho and Montana said their new plans to kill wolves were permissible under the Endangered Species Act.Wildlife managers contend the Aug. 5 ruling from U.S. District Judge Donald Molloy did not account for the growing impact of wolves on livestock and big game herds across the Northern Rockies.Hunters in Idaho and Montana killed about 260 wolves last year during the states’ inaugural wolf hunt seasons. An estimated 1,700 of the animals still roam the Northern Rockies — almost six times the region’s original recovery goal of 300 wolves.“We’ve done an excellent job. We want to manage them as we do any other of our wildlife,” said Bonnie Butler, natural resources adviser to Idaho Gov. C. L. “Butch” Otter.She said the 40 to 50 wolves that would be removed from the Lolo area of central Idaho have decimated area elk populations. The wolves would be killed by government wildlife agents.Idaho also wants public hunting of wolves, but has not applied for a permit. Rather, the state is seeking a hunt through negotiations on an agreement to allow Idaho to manage wolves on behalf of the federal government.No quota figures for Idaho’s hunt proposal were available, Butler said.The proposals have drawn criticism from wildlife advocates who accuse the states of making an end-run around the courts.A federal lawsuit that could derail Idaho’s plans already is pending. And environmental groups have promised to challenge Montana’s conservation hunt if it gets the nod from the Fish and Wildlife Service.A spokesman for the federal agency did not immediately return calls seeking comment from The Associated Press.Montana has asked the agency for a response by early November so it can hold its hunt this fall. Agency officials said they’ve gotten a tepid reaction so far in conversations with the Fish and Wildlife Service.“We’re not giving up, but we’re not overly optimistic,” said Montana Fish, Wildlife and Parks spokesman Ron Aasheim.last_img read more

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