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by derf_
1447 days ago
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> ... it seems like Buffett is betting that won't happen ... At the end of 2021, Berkshire owned about $4.5 billion of Chevron shares. In that same year, Berkshire Hathaway Energy, which has made huge investments in wind and solar, had $4 billion in earnings [0]. BHE is investing $18 billion (starting in 2006 and continuing through 2030) to modernize the electrical grid to improve transmission from the remote areas that are the best sources of wind and solar energy (as opposed to near coal plants). BNSF, Berkshire's railroad, which is a far more carbon-efficient way to move freight than roads and trucking, invested $41 billion in fixed assets between 2010 and 2020 [1]. It is possible for someone's approach to energy investing to be multi-faceted. [0] https://www.berkshirehathaway.com/letters/2021ltr.pdf
[1] https://www.berkshirehathaway.com/letters/2020ltr.pdf |
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