President Barack Obama Holds Recovery Act Event In Nellis AFB

New legislation has been proposed to increase US military energy efficiency and reduce fossil fuel reliance. This shift, however, is driven more by troop safety and operational security than a desire to be “green.” “The bill, called the Department of Defense Energy Security Act of 2014, was announced yesterday by Senator Mark Udall (D-CO) and Representative Scott Peters (D-CA), who said that, ‘”Military reliance on fossil fuels is a national security issue.”’ Since 2001, more than 3,000 men and women in uniform have been killed or wounded in attacks on fuel convoys in Afghanistan.” []

MidAmerican Energy changed its name to Berkshire Hathaway Energy in a move designed to highlight Warren Buffett’s empire is becoming increasingly focused on the energy-related investments. “Our new name reflects the benefits we gain from Berkshire Hathaway’s ownership, particularly our ability to reinvest in our businesses and take a long-term view of our customers’ needs, which have helped us become a leader in the global energy industry,” said Greg Abel, Berkshire Hathaway Energy’s CEO. [The Des Moines Register]

A subsidiary of Warren Buffett’s Berkshire Hathaway announced Thursday the purchase of one of Canada’s largest power transmission operators – AltaLink LP. [Financial Times]