Oil Majors Are Shifting Billions Into Renewables

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg News:The world’s biggest oil companies are closing more clean energy deals as pressure to diversify their businesses mounts and growth accelerates among green technologies.Oil majors more than doubled the number of acquisitions, project investments and venture capital stakes, to 44 in 2016 from 21 the year before, according to research published Tuesday by Bloomberg New Energy Finance. In the last 15 years, they’ve completed 428 transactions and spent $6.2 billion building stakes in clean energy companies.“This reflects their underpinning strategy to test out new ideas and businesses,” said Richard Chatterton, one of the London-based analysts that authored the report. “The international oil companies are identifying opportunities and building expertise, and when a commercial opportunity becomes clear, they will invest at scale.”To be sure, the sums expended on clean energy still represent a fraction of the money invested in crude every year, showing that the oil majors are still very much focused on their core business. Royal Dutch Shell Plc, for example, budgeted $25 billion this year for capital expenditures.Some of the investments by oil majors in projects and startups isn’t disclosed, according to BNEF, which estimates that the clean energy industry attracted almost $290 billion in 2016.Solar energy generated the largest number of projects backed by oil companies. Wind created the second-highest volume of deals, with offshore wind investments beginning to catch up with windmills stationed on land. Oil companies have been looking to leverage their know-how in extracting fossil fuels from seabeds to install turbines in similarly harsh climates.Wind projects offshore also tend to be some of the largest-scale and riskiest in the renewable energy industry, leading to higher profitability. Shell has a stake in the Borssele III and IV wind projects in the Dutch North Sea and Statoil ASA developed the world’s first floating wind farm off the coast of northern Scotland.More: Big Oil Is Investing Billions to Gain a Foothold in Clean Energy Oil Majors Are Shifting Billions Into Renewableslast_img read more

Ørsted sees potential for 30GW of offshore wind in South Korea

first_img FacebookTwitterLinkedInEmailPrint分享Yonhap News Agency:Ørsted A/S, the world’s largest offshore wind power producer, said Thursday it is seeking business opportunities in South Korea following the country’s plan to go green in power generation.The Danish state-run energy firm said it has recently completed the establishment of its Korean branch following South Korea’s announcement of a “Renewable Energy 3020 Plan,” which aims to raise the proportion of renewable energy supply to 20 percent of total power output by the year 2030.“We believe South Korea has a big potential in offshore wind power generation,” said Park Jung-min, head of the Korean market development at Ørsted Asia Pacific. “We can help South Korea meet its renewable energy goal.”South Korea targets to have a total renewable energy capacity of 63.8 gigawatts (GW) by 2030, with 17.7 GW coming from wind power. Ørsted claimed that South Korea will particularly thrive from offshore wind power generation considering its geographical characteristics.“South Korea is a peninsula surrounded by three seas,” Park said. “We estimate that South Korea’s potential offshore wind power capacity can reach 30 GW.”Ørsted, which has installed more than 1,200 offshore wind turbines globally, has previously signed multibillion-dollar contracts with South Korean companies, including POSCO and LS Cable & Systems Ltd., as suppliers for its offshore wind projects. Ørsted said it further wants to expand that partnership with local companies.More: Danish renewable energy firm taps into S. Korean market Ørsted sees potential for 30GW of offshore wind in South Korealast_img read more

Q&A: Sasha Digiulian

first_imgSasha Digiulian climbs in the Red River Gorge during her record-breaking week. Photo: Magnus MidtboProfessional climber and Virginia native Sasha Digiulian has already had one hell of a year. In March, she spent a week establishing first female ascents of the hardest routes in the Red River Gorge, becoming the first American female to onsight a 5.14 route in the process. A couple of weeks later, she won the USA Sport Climbing Nationals in Boulder. This all comes after winning her fourth straight youth Pan Am Climbing Championship last December. Digiulian is pushing the limits of climbing and is arguably the strongest female climber in the country, if not the world. And she’s just graduated from high school. BRO talked with the 18-year-old as she finished up high school and made plans for a big summer and fall.Your recent trip to the Red was a breakthrough for you, and women climbers in general. What was different about that trip?SD: I spent spring break in the Red. I hadn’t climbed outside since August, so I’d just been training in the gym at home. I was so excited to be climbing outside that I wasn’t going to let the numbers limit me. Sometimes, you go on a climbing trip and you automatically look for routes in your comfort zone. I’d never been on a 5.14c before, but I decided I was going to put on my shoes and just climb it. I knew I only had a little time because I was on spring break, so I just went for it. Plus, the Red fits my style. The climbing there is fitness oriented without any big reaches. I’m 5’2,” so having to extend for a hold can be difficult.Was it a dream come true ticking off that 5.14c (Southern Smoke)?SD: When I was 10, I told myself if I could ever climb a 5.14A, I’d be out of this world happy. I thought that was the ultimate. I don’t know what to expect now. It sounds cheesy but if you believe it, you can do it. Lately, at the gym training, I’ll be tired but able to dig deeper. I think about what I’m training for, and I find the strength somehow. When you can link that mental aspect with the physical, you can really excel.How important is the mental game in climbing?SD: Climbing is so mental. There is only so much you can improve physically. But if you can tap into the mental side of the sport, you can do anything. There are so many individual moves in a route, so many distinctive techniques you have to perform. If you can wrap your head around what you have to do, and mentally picture yourself on the wall performing the moves, it’s amazing what you can accomplish. That side of the sport is almost as integral as the physical. 1 2last_img read more

The Lunch Hour Race

first_imgI had an hour to ride last weekend, not counting the ride to and from class, so I headed up Town Mountain Road on a lunch break to touch the Blue Ridge Parkway real quick before shooting back down.It was my only ride all week. Not even a run hit my agenda. But when you see a two-hour window, what do you do? You race up Town Mountain so that you want to puke.You know, I really hadn’t planned on making it such a sprint, but once those guys tried to pass me, I guess my ego just got the better of me. I think other riders are an excellent source of motivation. I was cranking along enjoying the sunshine and waving at the cyclists coming down the fun bits when I passed a small group of recreational riders. I knew this because they were really friendly, encouraging, and nice when I said good morning. Anyway, suddenly I heard heavy breathing behind me and new I was getting ready to be passed. It’s always this moment in which I begin summarizing all my rides, berating myself for not being stronger and then act as enthusiastic as possible about being ridden into the ground.“Oh, no, you’re killing me, sneaking up on me like this!” I say, laughing.One guy is concerned with my lack of water. I truly appreciate the fact that he said that because it would be stupid to ride without it. I was only out for a little more than an hour, and really, why think about drinking? It’s only a distraction, and of course more weight. In fact, I was just learning in yoga class that the body can only perform one function at a time. It cannot sweat and hydrate simultaneously. At least not well. That means it’s probably better to drink water all at once, rather than constantly sipping. My girlfriend thinks I drink less water than anyone she knows. She walks around all day with a cup and straw of water, taking little sips. I think it’s really just an oral fixation. Besides, I would be annoyed at having to carry something when I don’t even carry a purse. I drink a whole glass of water and move on. I do this several times throughout the day. When on long rides, I stop for a bunch of water and try to stand around for a bit while it seeps into my pores and then ride again.I did not explain all of this to him. We did not have a long talk about hydration practices.“Just out for a quickie,” I shout. “I drank before I left!:They pull ahead and I hear the cachunk of gears being dropped. This caused me to reconsider my big ring, which I was pushing when they frigging passed me. I mean, GEEZ. That’s really all I’ve got. But now this. It caused me to reach for my own levers, looking for something simpler. That’s when I realize that I really don’t want to gear down. I just want to keep my pace. I want to make it back to class on time. That means I will have to pass them. The thing is, boys don’t like being passed by girls. I have such a hard time doing it, because I don’t want to cause a chase. I don’t want them to think they HAVE to pass me now. But this just happened on a downhill not too long ago, and I let the guy stay ahead for fear of offending his ego. I was so relieved when my girlfriend pulled around and ahead of him so that I could just follow. So instead I decide to verbalize.“You guys can’t do that!” I chided. “You can’t pass me and then drop gears!”Inside I am absolutely thrilled that I have the opportunity to say this, because I can’t count the times I’ve screamed it at my windshield to drivers in front of me. Now they turn to me with baffled faces and make room for me to come through. I know we are now teetering on the verge of explosive male hormones. What this means, is that I’m going to have to start powering up the hill without looking back. I have to totally outrun them so that we don’t continue up the mountain taking turns passing each other and having to make small talk.I stand up in the pedals and start cranking. The steep s-curves are ahead of me, but I know that I can’t cry now. My middle ring is nearly as large as my big ring, so changing gears really isn’t going to accomplish much anyway. I stand up for as long as I can until the blood is ringing in my ears and I can’t hear them breathing. Then I go even harder. I finally make it to the Parkway before I head back down. They arrive a few minutes later and only one of them is speaking to me now. I’m grateful for at least that and race back into town with enough time to shower. Just think. My only ride could have been a boring stroll up Town Mountain.last_img read more

Breathe Owl Breathe: Passage of Pegasus

first_imgThe Skinny on Breathe Owl BreatheBreathe Owl Breathe – guitarist Micah Middaugh, classically trained cellist Andrea Moreno-Beals, and percussionist Trevor Hobbs – hail from Michigan and just released their sixth album, Passage To Pegasus, yesterday.  The record is a collection of ethereal folk, endowed with a melodic easiness that borders on hypnotizing.  After just a couple listens to the record, I found it all too easy to fold myself up and disappear amongst the stories and soundscapes of Passage to Pegasus.It is important to note that the album packaging rivals the songcraft contained therein.  Each album cover is a unique piece of artwork, delivered with handset type and copperblock images created by Micah Middaugh.  Both sonically and visually, Passage to Pegasus is a treasure to behold.For Fans OfIron & Wine, Bonnie Prince Billy, The NationalOutside Looking In“I love all the bands I work with and they are all distinct from each other . . . So, Breathe Owl Breathe?  Micah is seriously the real deal, as far as songwriters go.  When asked to describe him to the uninitiated, my easy answer is that he is kind of a hybrid of Bill Callahan and Jonathan Richman – two guys who couldn’t me more different but are similar in that they sing absolutely direct and honest, and from a world that is only their own.  Micah is like that, too – there’s a world when only he lives and his songs take you to that place or describe that place to you.  His perspective is absolutely unique.”– Eric Johnson, producer, on Breathe Owl BreatheOn StageOur readers out in the Colorado high country can look forward to some upcoming shows from Breathe Owl Breathe.  The band will be at the Leon Gallery in Denver on Friday, October 25th, and in Boulder at Kelly’s Barn on Saturday, October 26th.In Their Own Words“Many ways, it’s always a mystery.  We don’t try to understand it.  We just try to let songs have a presence in everyday life, almost like the mystery of who you are going to meet on any given day.  It’s the same with songs.  We’re all finding them, sharing them, reacting to them.  We try to keep songwriting very spontaneous, trying to find that pocket of time where stories and moods can be expressed, like the mysteries of joy, passing, sorrow, and weld them through the expression of music.  Sometimes our favorite moments of songs are before anyone else really hears them.”– Micah Middaugh, of Breathe Owl Breathe, on songwritingOn The Web For more information on the band, tour dates, or Passage of Pegasus, surf over to www.breatheowlbreathe.com.  Also, be sure to check out “Silent Movie Reel” on this month’s edition of Trail Mix, or listen below:last_img read more

Ski Season Preview 2013-14: Seven Springs Makes Major Moves

first_imgWhen it comes to making improvements over the off-season, most ski resorts in the East have one primary focus: snow making. It is the reality of trying to produce skiable terrain in the mid-Atlantic that the amount of snow you can pump onto the slopes has a direct result on opening and closing dates. If it’s cold early in the season, cranking out a solid base not only gets you open faster, but void of an extended 60-degree fortnight, will help keep the snow longer and extend the end of the season. This is why resorts like to spend their cash on more efficient water systems and more snow guns in the summer. Rarely do you find resorts adding additional terrain or expanding their acreage in any significant way. Well, this year is different. Pennsylvania’s Seven Springs Resort is the BMOC in the Laurel Highlands, having reputation as one of the East’s best resorts and the terrain to back it up. It is no surprise to see Seven Springs make significant moves in the off-season, as you have to improve to stay on top, but this summer was on a different level. Forget adding some snow guns or a new hotel, Seven Springs went ahead and added a whole resort. In September of this year, Seven Springs reached an agreement to acquire nearby Hidden Valley Resort. Located only 13 miles away by road – closer as the crow flies – Hidden Valley is a perfect compliment to Seven Springs, says communications director Anna Weltz. “We’ve long had a deep appreciation for what Hidden Valley has to offer; the family experience it offers,” she said. “It’s a perfect compliment for Seven Springs and will provide a tremendous amount of opportunity for families, friends, groups of all sizes and interests to come to either mountain and enjoy amenities at both resorts.”Dawn patrol at Seven Springs. Dawn patrol at Seven Springs.Seven Springs and Hidden Valley have their own identities as resorts and have their own unique appeal to snow sliders. Along with having more acres, runs, and lifts, Seven Springs is known for one of, if not the, best park and pipe scenes on the East Coast. They will again host a U.S. Open qualifier this year as well as a stop on the Revolution Tour. This attracts a certain type of clientele off course, which can be both good and bad depending on your perspective. Hidden Valley on the other hand, is slightly more conducive to the family experience with less vertical drop, more beginner and intermediate terrain, and a laid-back vibe perfect for a range of abilities. While the resorts will stay separate entities on the surface, the joint venture will provide unique marketing opportunities for both resorts, and the consumer will end up the winner. The biggest opportunity to take advantage of the partnership is through the Highlands Pass. This season pass gives you unlimited skiing and boarding at either resort all season and comes in full, midweek, and student versions. You can also upgrade you existing pass for a fee. There is also the new weekend Highland Ticket which gives you unlimited skiing and boarding to either resort from 9am Friday through close Sunday at a discounted rate. Of course the purchase of Hidden Valley dominated the news for Seven Springs this upcoming season, there is still plenty more to report. They will bring back the Burton Riglet Park, a terrain based learning area for the youngsters just getting on snow. There is also snow tubing, snowmobiling, and sporting clays for the non-skier. “A lot of people find out we have sporting clays here – it’s a year round activity, kind of like golf with a shotgun – once people find out that’s open in the winter and they get a taste of that, it’s a pretty popular activity here at Seven Springs,” said Weltz. But the main winter attraction is still the skiing, whether it be at family friendly Hidden Valley or progressive Seven Springs. The consolidation of the two resorts and the ability to combine passes should help both grow in the long run. What we can say for sure is that they are ready for the season to get underway in Pennsylvania. “We’re ready for the snow,” said Weltz. “We’re ready to offer these two mountains, a total of 64 slopes and trails and 395 acres of skiable terrain. We are anxious to get ski season underway, and to welcome everyone to these two beautiful mountains.”last_img read more

Mountain Mama: I Need to Escape Winter. Any International Travel Tips?

first_imgDear Mountain Mama, I’m over winter. One day the temperatures plunge to below zero and the next day is gray and rainy. I want to escape somewhere sunny and 70 degrees. A lot of my friends are headed to the southern hemisphere for some warmer outdoor play. I’d like to plan a trip of my own, but I’ve never traveled abroad. Any international travel tips?Yours,Dreaming of Warmer Weather——————————————————————Dear Dreaming of Warmer Weather,The shorter days and colder temperatures can take the wind out of your sails. Booking a plane ticket to somewhere warm can break up the winter into manageable chunks of time. For a lifetime of memories, follow these three tips:1. Research as much as possible before leaving. Daydream about destinations and try to find a place that offers your favorite outdoor recreational opportunities. If you’re a climber, pack your rope and fly to Thailand, where you can climb in the morning, snorkel in the afternoon, and eat delicious foods in the evening. If kayaking floats your boat, check out heli-kayaking in New Zealand. A helicopter will pick up you and your boat at the take-out and shuttle you into remote wilderness.Find out if your preferred destination requires a visa in addition to a passport. Apply for your travel documents well in advance to prevent a last minute border-crossing crisis.The internet also makes easy work of determining what outdoor gear you need to bring. Traveling with a kayak can be expensive and a pain to transport. If you’re going to a paddling destination that rents boats, consider reserving your favorite model. Check to see what, if any, supplies are impossible to buy once you arrive, and prioritize those items on your packing list.2. Once you board the plane, let go of any expectations. The more rigid travelers are about checking off their to-do list, the less open they are to whatever experiences arise. Don’t force anything, and let the journey unfold.For example, one of my good friends traveled to Australia, hoping to learn how to scuba dive. The strong winds made underwater visibility poor. Instead of diving in lackluster conditions, she found a captain who needed an extra hand and spent three weeks sailing for free – the perfect use of all that wind.3.  Accept food that locals offer you. Leave your self-imposed dietary restrictions at home. Saying no to a homemade meal because you are following a gluten-free, paleo, vegetarian, or low calorie diet is considered rude in many countries. Food is an invitation to connect with people on a basic and universal level. Breaking bread together symbolizes good-will.Safe Travels!Mountain Mamalast_img read more

Trauma Tuesday: Tubing Wipeouts

first_imgWith summer just around the bend (I mean seriously, it’s almost March?!) we decided to take a look at some of the season’s most popular activities. Tubing, a pastime that requires minimal skill but can easily go awry, is a summer staple for many lake-goers. In this week’s Trauma Tuesday, we’ve compiled some of the worst tubing fails on the web. Watch as these kids bounce, flop, and fly through the air after hitting a bad wake. These clips may make you second guess your next turn on a free-floating donut of despair…First, some guys displaying some serious tubing skills. A few wipeouts included.Some seriously high-speed tubing fails.And our personal favorite. We don’t know who this brave soul was who decided to go tubing in floodwater from Hurricane Fay, but you, my friend, are what we like to call “gnarly.”last_img read more

The 5Point Film Festival Is Back In North Carolina

first_imgThis month, April 28, Sierra Nevada Brewing Co. is bringing the 5Point Film Festival back to WNC for a great cause.Along with 100% of ticket sales from the festival, for one week, they will be donating $1 from every Pale Ale sold to benefit the Appalachian Trail and Pacific Crest Trail.Based in Carbondale, Colorado, the 5Point Film Festival is in its 11th year of bringing folks the best in outdoor adventure films with a focus on 5 key principals: respect, commitment, humility, purpose, and balance.2016 was the last time the 5Point film festival was held in Western North Carolina.This year, however, the folks at 5Point are doing things different with their satellite showings. Rather than their team running the show, they are handing control over to the venues hosting the events, creating opportunities for more viewings in more locations.This also leaves the event planning to the hosts, allowing them the freedom be as creative as they’d like with the festival. From the venue selection and activities to the films and discussions, hosts can cater the showing to their specific audience.Sierra Nevada Brewing Co. is the first to work with the 5Point Film Festival’s new collaborative format. They will be hosting the festival simultaneously at both their Mills River, N.C. and Chico, Ca. locations on April 28. The films featured at the festival have not yet been determined as they are planning on showing only the winning films from the main event in Carbondale on April 21 – 22.About This Year’s VenueAt the Mills River showing, Sierra Nevada will be screening the films in High Gravity, their large indoor event space located above the taproom and restaurant. Brett McCall will host the screenings, introducing and leading a brief discussion after each film.Guests will enjoy a select menu for the event and of course, beer. After the screenings, Sierra Nevada will keep the firepit open late for folks to hang out, have another beer and further discuss the films. The Appalachian Trail Conservancy will be attending to discuss their efforts, educate folks about the trail, and share volunteer opportunities. Did I mention there would be beer?Speaking of beers, make sure you grab a Pale Ale while you’re there. Don’t like them? Then buy one for a friend or a stranger. Why am I being so pushy? Because it’s for a great cause.Drinking For GoodThis year, Sierra Nevada is kicking off their new Pale Ales to Trails campaign, benefitting the Appalachian Trail Conservancy and Pacific Crest Trail Association. For one week, they are donating $1.00 from every Pale Ale sold in their Berkeley, Chico, and Mills River Taprooms to benefit these iconic trails. The weeklong event culminates in the 5Point Film Festival at their Chico, Ca. and Mills River, N.C. locations where they will also be donating 100% of ticket sales to the National Trail System.Sierra Nevada Brewing Co. has been a long time supporter of public lands, “When we moved East, it was a natural choice for us to give back to the Appalachian Trail.” Says Lee-Ann Loser, Produced Events Team Manager at Sierra Nevada Brewing Co.The Pacific Crest Trail Association and the Appalachian Trail Conservancy are collaborating with them on the project.Celebrating 50 Years of TrailsBoth organizations will be hosting an event of their own, celebrating the 50th anniversary of the National Trails System Act.Coast2Coast Trails at 50 will be broadcasted online. Both groups will meet via webcam to cheers, from coast to coast, to 50 years. More information coming soon.Huge thanks to Lee-Ann Loser of Sierra Nevada for her time and information on the events. She mentioned that the festival will sell out, so get your tickets soon.We’re looking forward to a great show with great folks at a beautiful venue and delicious beers.See y’all 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

Outdoor Updates: The first outdoor business accelerator in the Eastern U.S. is coming to WNC

first_imgSee a summary of all 12 rules here: http://outdoornewsdaily.com/west-virginia-dnr-seeks-public-comment-on-12-legislative-rules/. The rules will be advertised in the State Register and are available to review at the DNR South Charleston and Elkins offices. Written comments are accepted at [email protected] The 12th proposed rule concerns falconry and includes proposed modifications to the language used to obtain falconry permits, banding raptors for falconry and the taking and trapping of raptors, among other things. The Waypoint Accelerator will provide support and resources to entrepreneurs who launch outdoor-focused startups, including gear makers and experience providers. Participants will complete a 10-session intensive and have access to mentorship from the region’s existing outdoor industry. Participants will also have access to connections that may provide capital without having to give up any equity in their business. The first proposed rule concerns commercial whitewater outfitters. The Whitewater Commission has approved the addition of a section of the Gauley River and a section of the New River by Gauley Bridge to be added to the permitted rental sections on whitewater.  There is no cost for the first year of the program, which is accepting applications now through August 11. The program is focused on those based in WNC or who are interested in moving to the area. More details and an application form can be found at waypointaccelerator.com.  West Virginia DNR seeks public comment on 12 legislative rules ranging from commercial whitewater rafters to falconrycenter_img The first outdoor business accelerator in the Eastern U.S. is coming to WNC The sixth proposed rule revises the governing of public use of campgrounds. Revisions to the rule are necessary in order to implement the new online campground reservation system. The West Virginia Department of Natural Resources is asking the public to comment on 12 proposed legislative rules open for review and public comment until July 10, 2019 at 5pm. The rules impact everything from commercial whitewater rafters to the use of public campgrounds. A sampling of the rules include: Mountain BizWorks and the Outdoor Gear Builders, along with several other partners, are launching the Waypoint Accelerator, the first outdoor business accelerator program in the east and just the third of its kind nationally. last_img read more