Junk Bond Deal for Murray Energy to Take Over Bowie Resource Partners Falls Through

first_imgJunk Bond Deal for Murray Energy to Take Over Bowie Resource Partners Falls Through FacebookTwitterLinkedInEmailPrint分享Wall Street Journal: Bowie Resource Partners LLC, a Kentucky coal-mining company, pulled a $510 million debt deal Friday as investor sentiment toward high-yield debt became more cautious.The deal would have paved the way for a takeover of the company by Murray Energy Corp. and new bondholders.The proposed deal was intended to refinance Bowie debt set to mature in 2020 and would have cashed out Bowie’s current owner, commodity trading firm Trafigura PTE Ltd.The debt deal was a key condition in a new partnership Bowie planned to form with Murray Energy, to be called Canyon Consolidated Resources. Murray Energy was set to take a 30.5% stake in the company, and new bond investors would’ve gotten a 28.5% stake if the debt deal had gone through.The decision to pull the plug on the capital raise puts the fate of the Canyon partnership into question.More:  ($) “Coal Company Bowie Resource Partners Pulls Debt Deal Backing Takeover”last_img read more

Editorial: Trump bailout turns free market upside down

first_img FacebookTwitterLinkedInEmailPrint分享Houston Chronicle:Americans of a certain age likely remember Tennessee Ernie Ford, a TV entertainer whose musical rendition of a coal miner’s lament, “Sixteen Tons,” sold millions of records in the mid-1950s. Written a decade earlier by a former Kentucky coal miner, “Sixteen Tons” opened with the evocative question: “You load sixteen tons, what do you get?” In his sonorous baritone voice, Ford offered up a doleful reply. What you get when you load sixteen tons of number nine coal, he sang, is “another day older and deeper in debt.”More than a half century later, Texas Rick Perry, the nation’s energy secretary, knows whereof Tennessee Ernie sang. Although Perry can’t admit it, he knows that coal-mining is a dying industry and, despite its proud tradition, a dangerous, dead end occupation for fewer and fewer American workers. Texas Rick knows that, and yet, “bless his little, ol’ pea-pickin’ heart” — as Tennessee Ernie would have exclaimed — he’s now having to warble his own coal-mining ditty.Perry has been ordered by President Trump to prepare immediate steps to keep money-losing coal and nuclear plants from shutting down. One plan under consideration is to require operators of the nation’s electricity grid to buy power or reserve generation capacity from plants scheduled to be retired. Phillip Bump of the Washington Post has compared the Trump/Perry plan to “having a failing grocery store in your neighborhood and the government mandating that everyone do enough of their shopping there to keep the place from shutting down.”Never mind that we consumers will be paying more for our “groceries” under the Trump directive. Never mind that coal is losing out in a power market dominated by cheap natural gas and increasingly efficient forms of renewable energy. What’s important is an ongoing effort by the White House to fulfill an implausible Trump campaign promise to bail out the coal and nuclear industries and to reward the operators who are his cronies. Perry, if he wants to keep his job, can only salute his boss—and betray his oft-proclaimed faith in the free market.Texans can appreciate the irony. This is the erstwhile governor who was so “fed up,” he even wrote a book, an impassioned screed decrying federal government intervention. Gov. Perry would have sneered at the blatant government intervention in the free market that Secretary Perry insists is necessary, and he would have scoffed at the “national security” rationale offered up by the White House.Now, of course, Perry—and we—are at the mercy of a president so ill-informed about the environment that he would reverse the progress we’ve made with natural gas and renewables. If Trump’s unprecedented effort to intervene in the energy market goes forward, whether through mandates or subsidies, then both natural gas and Texas suffers, and so does the rest of the country.More: Perry vs. Texas: Coal bailout will sell out wind and natural gas [Editorial] Editorial: Trump bailout turns free market upside downlast_img read more

EIA: U.S. renewable energy consumption topped coal in 2019

first_imgEIA: U.S. renewable energy consumption topped coal in 2019 FacebookTwitterLinkedInEmailPrint分享Greentech Media:The U.S. got more energy from renewables in 2019 than it did from coal, a year sooner than that same milestone is expected for the electricity sector on its own, according to the Energy Information Administration.Last year the U.S. consumed 11.3 quadrillion British thermal units of coal, the lowest level since 1964. By comparison, total consumption of renewable energy hit a record-high 11.5 quads, the EIA said Thursday, as the country’s base of wind and solar farms continued to expand.Prior to 2019, the last year that the country got more total energy from renewables than coal was 1885, back when wood was the main renewable resource on offer.Earlier this month, the EIA put out figures projecting that renewables will topple coal in the U.S. electricity mix for the whole of 2020, another major milestone. That already happened every day during April.While most renewable energy is used for power in the U.S., significant amounts are consumed in other areas, including biofuels for transportation.Total U.S. power generation is expected to fall by 5 percent in 2020 due to the virus outbreak, and the picture is much bleaker for coal, the EIA says. Coal-fired generation will tumble by 25 percent this year, against an 11 percent increase in total renewable output.[Karl-Erik Stromsta]More: Renewables toppled coal in U.S. energy consumption last year, EIA sayslast_img read more

Arizona utility APS issues RFP for additional solar and battery storage

first_imgArizona utility APS issues RFP for additional solar and battery storage FacebookTwitterLinkedInEmailPrint分享PV Tech:Arizona Public Service (APS) has issued a request for proposals (RFP) for 300-400MW of renewables capacity and for energy storage to be retrofitted at its solar plants.The renewables RFP, which is open to all technologies, has been designed to address peak capacity needs of about 200-300MW per year to maintain reliable electric service during times of highest energy usage. Proposed projects must have in-service dates in either 2023 or 2024.Separately, APS is requesting a total of 60MW of battery storage additions at two of its existing solar facilities in Arizona: the Red Rock and Chino Valley plants. Proposed projects must begin delivery no later than June 2023.The news comes after APS announced its plan earlier this year to deliver 100% clean energy by 2050, with an interim target of 65% clean energy by 2030. Brad Albert, APS vice president of resource management, said the company has made “steady progress” since setting those goals.The utility previously called for the deployment of 850MW of energy storage by 2025 and said it would enlist sustainable infrastructure developer Invenergy to install battery systems at six of its solar PV facilities by 2021. APS said this week it has now executed the agreement after working with Invenergy “to incorporate enhanced safety standards in battery energy storage”. The battery systems are now expected to be operational in early 2022.While APS announced its clean energy goal back in January, Arizona regulators recently approved measures that will require all utilities in the state to receive all their power from carbon-free sources by 2050. The Arizona Corporation Commission ruling also includes interim carbon reduction targets for regulated utilities of 50% by 2032 and 75% by 2040.[Jules Scully]More: Arizona utility issues RFPs for renewables, battery storage retrofitslast_img read more

The Hot Twot

first_img4Number of laps you’d run on The Wild Oak Trail (TWOT) to complete The Wild Oak Trail 100, held each February in the George Washington National Forest in Augusta County.0Entry fee for this “race.”19Number of runners who entered  the Hot TWOT in 20100 Number of runners to finish the Hot TWOT in 20102007Last year anyone finished the Hot TWOTlast_img

Moving On

first_imgI’ve been a part of an extraordinary number of funerals in the last year, and escaped town for time to emotionally process, missing yet another one from our cycling community.Gary Cummings, 64, died a week ago while riding his bike, pulling groceries home up a steep hill in north Asheville. He lived in Leicester for the last nine years, without a car. He could be seen at most street festivals and bike events, smiling and pedaling. I didn’t know him well, but it seemed that he spent his semi-retired life stopping in to brighten people’s days, giving the gift of time and presence.“It was his outlet, to go pedal,” Tavis says. “He was more social than I thought he was. I’m still finding out.”The first time I met Gary was over the phone, interviewing him about the death of his son, Stiles, an avid mountain biker. At the time he was working on a sailboat somewhere in Florida. His soft demeanor and peaceful embrace of the situation were remarkable in the same way that his two remaining sons are now dealing with his death.It was sudden and completely unexpected in some ways, but the more Tavis, 34, unfolds the words, he sees that the last months of his father’s planning were about disembarking on a journey that may not have brought him back.Gary had built himself a rig to pull behind his Surly. The trailer was packed with a road bike, two sets of wheels, a cooler and camping equipment. He was heading to Florida for some work and then hitching a boat ride to Europe for an undetermined amount of time to galavant. Tavis says he wasn’t really expecting to see him back. “I’m sorry that he didn’t get to do this open-ended tour,” he said, “But I feel very fortunate to have had him close when he died.”Instead, his rig, and his ashes, were pulled by Tavis around town with about 30 other people touched by these sweet men, arriving at the Altamont for a celebration.Just three weeks ago I saw him there attending a memorial for the young Callum, honored by and with bikes. He was a bit melancholic, but with that smile, as he looked around the room nodding, saying, “This is a good way to do it.”Gary inspired people by example. Not only did he ride his bike every where, but he volunteered his time for all bike things. Asheville on Bikes and every bike shop owner in town loved him alike, knowing they could count on him.“He got his adventure,” Tavis says. “I might tour up and down the Blue Ridge Parkway from end to end with his ashes, coming home empty-handed.”last_img read more

Daily Dirt: Outdoor news for April 30, 2013

first_imgYour outdoor news bulletin for April 30, the day Hitler committed suicide:Hostel Denied on A.T.Last year, Front Royal and surrounding Warren County were named an official Appalachian Trail Community, one of only 15 such designations along the trail. Unfortunately, they do not appear to want anything to do with the world’s most famous long distance hiking trail. Last week, the Board of Supervisors denied a request from a couple living 700 feet from the trail a permit to build a hiker’s hostel on their property, which was already zoned for a bed and breakfast. Showing supreme ignorance (I’m looking at you Cindy Tewalt), many residents signed a petition against the plan, voicing concerns over “squatters” who “would have access” to the children at busstops. Saying you don’t want stinky thru-hikers wandering through your neighborhood on their way to the super market is one thing, but accusing all hikers of being pedophiles is another. May want to rethink that Trail Community designation, Front Royal doesn’t seem like they want any hikers anywhere near their town.X-Games Coming to the Blue Ridge?The city of Charlotte and the Charlotte Motor Speedway are in the running to be the next host of the ESPN Summer X-Games. Charlotte is up against 3 other cities for the honor of scoring the next three-year hosting contract with the World Wide Leader, and it could be an uphill battle against Austin, Chicago, and Detroit. The summer version of the X-Games has been held in Los Angeles, but that contract expires this year (the winter X-Games are also up for grabs: Aspen’s contract runs out in 2014). Charlotte has certainly been making moves, hosting the Democratic National Convention in 2012, and aims for a Super Bowl and possibly the Olympics at some point. ESPN will announce the new host city later this summer according to their press release.Assault on EverestA group of climbers and a group of Sherpas went all Sharks and Jets at 22,000 feet, brawling at Camp II over the weekend. It all started when a group of three climbers (Simone Moro, Ueli Steck, and Jonathan Griffith) who were attempting a new route sans oxygen, climbed around a group of Sherpas who were fixing ropes to Camp III. The Sherpas alleged that one of the climbers hit them with ice and rallied some troops who met with the climbers upon their return to Camp II, where they allegedly assaulted them with fists and rocks. No word on blades or zip-guns. As if climbing the world’s highest mountain wasn’t dangerous and stressful enough.Apparently, all that beef has been squashed though as both parties have signed a peace accord, and all is right again at the top of the world.last_img read more

Beers With The Goat: El Chivo Screening At The Wedge At Foundation

first_imgNext Thursday, April 19, join the Asheville Running Collective and Blue Ridge Outdoors at the Wedge At Foundation for a screening of El Chivo, a documentary film.As you may already know, Will Harlan is a badass. He’s an accomplished ultimate runner, dad, husband, homesteader, and Editor In Chief of our magazine. He’s incredibly humble, super friendly, and sometimes makes weird noises in his office (usually just working out). He eats a bowl of cereal with goat’s milk every day for breakfast. He is selfless, funny, and a great person to have as a boss.Alright, enough pandering.I’m talking about Will because, along with the Tarahumara Indians, he’s the star of the film. When asked to write a post about the upcoming screening, I thought I’d badger him with a couple questions as well. Let’s learn more about the man they call, “The Goat.”Will Harlan in Copper CanyonWill HarlanFirst off, how was your cereal this morning?Organic Mesa Sunrise flakes with fresh goat milk. Nothing better.I’ve seen the film myself, and I thought it was an incredible story. How did this documentary come to be?I have been working with the Tarahumara, the indigenous people of Mexico’s Copper Canyons, for over a decade on sustainable farming projects. Then in 2009, I won the Caballo Blanco/Copper Canyon 50-Mile Ultramarathon. It was the same year that Christopher McDougall’s bestselling book Born to Run was published, which also focused on this particular race. Suddenly, I was in the national running spotlight. I am not an incredibly talented runner, but something magical happened that day in the canyons. Perhaps all of my years in the canyons with the Tarahumara had prepared me for that race. Soon after, Rod contacted me about the documentary.Rod Murphy is the director/creator of the documentary, as well as your friend. How did you two meet?Rod Murphy had also been following the Tarahumara for many years. He had worked on a previous film about the Tarahumara, and he already understood how inspiring and important these people are. I think he wanted to create a documentary that highlighted both the endurance of the Tarahumara and the very real dangers they face every day.The Tarahumara have been portrayed as super-human ultrarunners. What I’ve learned is that they are normal people like you and me. They hurt and suffer just like anyone else. They like ice cream and Coca-Cola. Running and endurance are part of their everyday lives, not because they want to win races, but because they travel on foot across the deepest canyons on the continent every day with food and children on their backs.Old car tires are cut up and used as shoesWill he be at the event as well? He usually prefers to be behind the lens right?I hope Rod will be there. He has traveled all over the country for screenings over the past year or so. When Rod first started the documentary, he liked to make fun of runners. Now, Rod is a runner himself.Can you tell us a little about the AVL Running Collective and how you teamed up with them to bring the show to Wedge?The Asheville Running Collective is a group of the most talented and amazing runners in the region. I’m really honored that they wanted to screen this film. Honestly, it’s painfully difficult for me to watch it myself. The film was supposed to be about the Tarahumara, but much of it is about the inevitable decline of an aging runner. During the film, my body falls apart and I try to hang on to what’s left. I was injured during the entire film, but the cameras were rolling, so I had to grit through it. I’m a little bit embarrassed that the top-notch runners of the Asheville Running Collective will be watching my hobbled, aging body struggle through my final races.Will’s goat, Juno.So, “El Chivo” means “The Goat” in Spanish. How do you feel about being called the goat?Micah True — “Caballo Blanco”—the original organizer of the Copper Canyon 50-Miler, required all international runners to adopt a spirit animal for the race. Over the years, I had met many Tarahumara goat-herders, including the legendary Arnulfo Quimare, who had won the Copper Canyon 50-Miler three times. I had recently started my own small homestead in Appalachia based on the Tarahumara farm, and I had just started raising goats. So Chivo became my spirit animalDo you think being nicknamed “the goat” has earned you some extra street cred with your own goats?Definitely. They were part of the inspiration. Goats aren’t fast, but they can scramble up steep slopes and rugged mountains for long distances. Like the goat, I don’t have a lot of raw speed, but when conditions are tough, I can usually hang around.Our goats have become an important part of our farm and family. One of our goats just had babies, and my kids love to snuggle with them. We usually bring the babies to our kids’ schools, too, to teach kids about goats.Your nonprofit, Barefoot Farm has been around for about 13 years now, helping improve the lives of the Tarahumara. What are your plans for Barefoot Farm in 2018?Our farm is modeled on the Tarahumara homestead. We are off-grid, organic, and grow most of our own fruits and vegetables and all of our milk and eggs. But let’s be clear: our farm has none of the challenges and hardships that the Tarahumara face. If our crops fail, or we want mango slices, we have a grocery store 20 minutes away. I don’t use oxen to plow my fields; I have a gas-powered rototiller. And I don’t have narco gangs forcing me into indentured servitude, stealing my land, and killing my leaders.Here in the mountains of Western North Carolina, we grow food for families in need. We supply a few local food banks and nutrition education programs with surplus produce. In Mexico, we have helped create seed banks, protect water supplies, install solar panels, and provide goat herds to Tarahumara farmers and communities. We hope to expand our work in the canyons this year and perhaps provide scholarships and visas to a few Tarahumara youth.Where can folks go to learn more about Barefoot Farm and how can they help?You can find out about us at barefoot-farm.org. There are other great organizations, too, like Sierra Madre Alliance. Best of all, though, would be to visit the Copper Canyons and meet the Tarahumara. After Born to Run became a bestseller, a lot of folks bought Vibrams and new minimalist footwear, but life for the Tarahumara still hasn’t changed much. They constantly face drought and food shortages. The government and local drug thugs are clearcutting their forests and seizing their lands. Many are fleeing to the cities and begging on the streets. By visiting and supporting Tarahumara farmers and communities, perhaps we can help the Tarahumara keep a foothold in their ancestral cany.Come join us and the Asheville Runners Collective on Thursday, April 19, at Wedge at Foundation. We’ll have some beers, chat about the Tarahumara, running, and of course, watch the film.RSVP on Facebook here.See you there!Justin Forrest is an outdoor writer, fly fishing addict, and co-founder of Narrative North—based in Asheville, N.C. He posts pictures of cats and fishing on Instagram sometimes.last_img read more

A Legacy Outdoors: Diamond Brand Gear in 2018

first_imgRecently I learned what a foot is. I couldn’t stop calling it a boot. It’s a tool. It’s a guide. It’s your best friend. Also called Presser Feet, these little pieces of metal are an essential part of the sewing machine, which at its core, is what Diamond Brand Gear is all about. Established in 1881, Diamond Brand Gear has a legacy of crafting high-end products for outdoor enthusiasts, by hand, in America.I recently stopped by their new pop up shop in Downtown Asheville to say hey, check out their new lineup of gear, and take some photos. It’s barely open, dimly lit, and really cool.An open, shotgun style space, the first thing you see when you walk in is an island of sewing machines. Their power cord lifelines reaching down to each machine from the ceiling, it’s a unique feature in the middle of a shop.“The machines aren’t just for production, we want people to get their hands on them as well,” Says John Delaloye, CEO of Diamond Brand. Folks will be able to sew right alongside the seamsters at the Diamond Brand Pop Up.When asking about sales, Procurement Director Trey Hellums simply put, “We need to make more.” While we chat, seamster Chris Della Posta is gathering and organizing a “mise en place” of materials. He’s about to start making more bags. Along with their facility in Fletcher, the bags are made, right there in the shop. When they are done, they go on the shelves to purchase. Literally made by hand in America right in front of you. I love how transparent the operation is.A History OutdoorsDiamond Brand Gear has been around since 1881. That’s 137 years for the mathematicians out there. They have accomplished a lot In that time, including making the first backpacks for the Boy Scouts of America in 1931. When the 1960s rolled around, Diamond Brand Gear started manufacturing products for the outdoors. It’s around this time when they moved south to Western North Carolina from Pennsylvania. Situated right between Asheville and Hendersonville, they were in the perfect spot to be on the forefront of the outdoor gear industry.The Great Day PackWhat’s New For Diamond BrandOld. Old is new for Diamond Brand Gear. They have done some rebranding (which as a designer, I love), bringing back a retro look to their gear. From the colors to the materials, you see it in everything. They’ve done a fantastic job of making these products feel organically retro, but still high quality.Now, I have an unhealthy obsession with bags and backpacks. I don’t know what it is, but I just love them, a lot. So it was love at first sight with the Great Day Pack.I had the pleasure of meeting Erin, the designer of the bag, at Get In Gear Fest. You could tell she was proud of her creation. The simple solutions to strap sizing, comfort, access, and storage all complement just how damn good the bag looks. Detachable compartments and straps allow the bag to simply adjust to its next adventure. One of my favorite features is the laptop sleeve, sitting a couple inches off the bottom, keeping your computer from getting dinged up everytime you set your bag down.All of these little features add up to a really well planned, beautiful backpack.The Double Take BagAnother favorite of mine is the Double Take, which is a rad little cooler pack that can accommodate six-packs of cans, bottles, and bombers. They come in several different colors, and like the rest of their lineup, you can mix/match colors to make the bag uniquely you.This cleverly designed bag has a separate, roll-top insulated interior made of wax canvas that keeps your brews cold while you’re on the go. The loops in the front allow you to latch the bag at different heights to accommodate different sized bottles and the latch doubles as a bottle opener.From purses and computer bags to messenger bags and tents, they have a number of other products available as well. Be sure to check out their ever-popular Belay Bag that is a revamp of an 80s model pack and the higher-end Biltmore Series.Grand Opening DowntownOn Friday, May 4, Diamond Brand Gear will host the grand opening of their Pop Up Factory in conjunction with the First Friday Artwalk in Downtown Asheville. The event runs from 5 p.m. to 8 p.m. and is located at 69 Broadway Street.The following day, at 3 p.m., they will be offering interactive activities to the public as a part of the Creative Intervention in downtown.The Pop Up Factory will be open every Tuesday – Saturday, from 10 a.m. to 6 p.m.Diamond Brand Gear truly does it different than most. The quality of their work and passion for the outdoors shines through in everyone one of their products.To learn more, check them out at DiamondBrandGear.comJustin Forrest is an outdoor writer, fly fishing addict, and co-founder of Narrative North—based in Asheville, N.C. He posts pictures of cats and fishing on Instagram sometimes.last_img read more

United by Blue Outfit Giveaway

first_imgThe GiveawayGet your New Year off to a green start in sustainable apparel from United By Blue. Enter to win an outfit for you and one for a friendThis contest is over.Join a Clean-up!Use this link to find a clean-up hosted by United by Blue by you!https://unitedbyblue.com/pages/our-missionRules and Restrictions may apply per resort.Rules and Regulations: Package must be redeemed within 1 year of winning date. Entries must be received by mail or through the www.blueridgeoutdoors.com contest sign-up page by 12:00 Midnight EST on February 28, 2018 – date subject to change. One entry per person. One winner per household. Sweepstakes open only to legal residents of the 48 contiguous United States and the District of Columbia, who are 18 years of age or older. Void wherever prohibited by law. Families and employees of Blue Ridge Outdoors Magazine and participating sponsors are not eligible. No liability is assumed for lost, late, incomplete, inaccurate, non-delivered or misdirected mail, or misdirected e-mail, garbled, mis-transcribed, faulty or incomplete telephone transmissions, for technical hardware or software failures of any kind, lost or unavailable network connection, or failed, incomplete or delayed computer transmission or any human error which may occur in the receipt of processing of the entries in this Sweepstakes. By entering the sweepstakes, entrants agree that Blue Ridge Outdoors Magazine and their promotional partners reserve the right to contact entrants multiple times with special information and offers. Blue Ridge Outdoors Magazine reserves the right, at their sole discretion, to disqualify any individual who tampers with the entry process and to cancel, terminate, modify or suspend the Sweepstakes. Winners agree that Blue Ridge Outdoors Magazine and participating sponsors, their subsidiaries, affiliates, agents and promotion agencies shall not be liable for injuries or losses of any kind resulting from acceptance of or use of prizes. No substitutions or redemption of cash, or transfer of prize permitted. Any taxes associated with winning any of the prizes detailed below will be paid by the winner. Winners agree to allow sponsors to use their name and pictures for purposes of promotion. Sponsors reserve the right to substitute a prize of equal or greater value. All Federal, State and local laws and regulations apply. Selection of winner will be chosen at random at the Blue Ridge Outdoors office on or before February 28, 2018 – date and time subject to change. Odds of winning will be determined by the total number of eligible entries received. One entry per person or two entries per person if partnership opt-in box above is checked.last_img read more