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The article misses the point here. BHE (Berkshire Energy) is actually heavily based on wind generation and investing heavily in renewables, more than most util

by panax 5y ago

The article misses the point here. BHE (Berkshire Energy) is actually heavily based on wind generation and investing heavily in renewables, more than most utilities in the US. They are basically leaders in this area: https://www.youtube.com/watch?v=tN5pRtFeHEo https://www.youtube.com/watch?v=tN5pRtFeHEo For the climate resolution, listen to Warren's answer on this in 2019: https://www.youtube.com/watch?v=xELxlV0-4yA https://www.youtube.com/watch?v=xELxlV0-4yA They let their business operate fairly independently and want to avoid creating bureaucracy which doesn't create value which is how they generally operate. In Charlie's words: "We're about as good as you can get [in renewables] and you should worry about something else... If this isn't good enough for you we can't help you."

divbzero 5y ago
To put another angle on this, approximately 48% of BHE’s generating capacity is renewable [1] compared to approximately 20% of the United States’ overall generating capacity [2]. BHE also publishes environmental reports and emissions data [3] for anyone, including investors, to assess to what degree they are preparing against climate change risk. [1]: https://www.brkenergy.com/energy/ https://www.brkenergy.com/energy/ [2]: https://www.eia.gov/energyexplained/electricity/ https://www.eia.gov/energyexplained/electricity/ [3]: https://www.brkenergy.com/about-us/sustainability.aspx https://www.brkenergy.com/about-us/sustainability.aspx
- panax 5y ago
  Also Chevron is only a very small part of their portfolio. Another way to look at this is that Berkshire currently only owns $2.4 million of Chevron stock while BHE is investing $18 billion of their own money this year alone to build transmission lines to connect wind generation to populated areas.
deleted 5y ago
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postmeta 5y ago
While Buffett acknowledged that the world is "moving away from" fossil fuels he said "that could change." I wonder what the context of that comment is?

by panax 5y ago

divbzero 5y ago

To put another angle on this, approximately 48% of BHE’s generating capacity is renewable [1] compared to approximately 20% of the United States’ overall generating capacity [2]. BHE also publishes environmental reports and emissions data [3] for anyone, including investors, to assess to what degree they are preparing against climate change risk. [1]: https://www.brkenergy.com/energy/ https://www.brkenergy.com/energy/ [2]: https://www.eia.gov/energyexplained/electricity/ https://www.eia.gov/energyexplained/electricity/ [3]: https://www.brkenergy.com/about-us/sustainability.aspx https://www.brkenergy.com/about-us/sustainability.aspx

panax 5y ago
Also Chevron is only a very small part of their portfolio. Another way to look at this is that Berkshire currently only owns $2.4 million of Chevron stock while BHE is investing $18 billion of their own money this year alone to build transmission lines to connect wind generation to populated areas.

deleted 5y ago

[deleted]

postmeta 5y ago

While Buffett acknowledged that the world is "moving away from" fossil fuels he said "that could change." I wonder what the context of that comment is?