Warren Buffet came in for criticism after his company, Berkshire’s NV Energy, Nevada’s dominant utility opposed the proposal to increase a cap on the amount net metering for state citizens. “While the billionaire’s famed holding company has reaped tax credits from investing in wind farms and solar arrays, net metering is often seen by utilities… Keep reading →
Warren Buffett is apparently not an unadorned green but instead falls in the category of self-interested capitalist. Shocker, right? The billionaire is under scrutiny because one arm of his vast Berkshire Hathaway conglomerate – the Nevada utility NV Energy – is trying to keep a 3 percent ceiling on net-metered solar in the state. Meanwhile, other arms of Berkshire… Keep reading →
MidAmerican Energy this week has announced $1.5 billion in planned new wind power investment, including $900 million to build 552 megawatts of new capacity in Iowa. And that state’s Republican governor, Terry Branstad, couldn’t be more pleased. “Iowa derives a greater percentage of its electricity from wind than any other state, and we’re second in the… Keep reading →
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… Keep reading →
Google struck a deal for 407 MW of wind power – reportedly its largest clean energy contract to date – with MidAmerican Energy, a firm mostly owned by Warren Buffett’s Berkshire Hathaway conglomerate. The power will be used at Google’s Iowa data center. “The deal includes both direct energy generation from MidAmerican’s wind farms and… Keep reading →
By Bryan Borzykowski Last June, Warren Buffett’s Berkshire Hathaway surprised a number of investors by sinking more than $500 million into Suncor Energy (NYSE: SU), one of Canada’s largest oil-and-gas companies. To Americans, it may have seemed like just another one of the Oracle’s undervalued plays, but it got a lot of long-suffering Canadian energy… Keep reading →
MidAmerican Energy Holdings, a unit of Warren Buffett’s Berkshire Hathaway, has agreed to buy nearly 450 2.3-megawatt wind turbines – with an estimated collective value of over $1 billion – from Siemens. “MidAmerican is expanding in wind as costs fall.” [Bloomberg] China’s move to tackle air pollution could push major Australian coal mining operations from… Keep reading →
By sitting around and watching opportunities pass by Warren Buffet, the legendary investor who has been at the helm of Berkshire Hathaway and made a fortune for himself and his shareholders, was once asked how to make a million. His answer: Buy an airline for a billion and watch your investment shrink to a million.… Keep reading →
Warren Buffett’s Berkshire Hathaway bought 40.1MM shares of ExxonMobil for $3.45bln, and now holds about 0.9% of the company’s stock. UK’s BG has sold additional interests in its Queensland Curtis LNG project in Australia to China National Offshore Oil Corp. for $1.93 billion, and to supply the state-controlled Chinese firm with an additional 5 million tons per year of LNG… Keep reading →
Oil companies love to say that their ownership is the average American retiree, and utilities can often claim the same. Look at your retirement account or, should you be so lucky as to have one, your company’s pension plan. Odds are that it is heavily invested in the US energy sector. Shifts in the parameters… Keep reading →
