Coronavirus impact speeds up coal’s retreat The Trump administration announced final approval this week of the largest solar energy project ever granted in the U.S., and one of the biggest in the world, despite objections from conservationists and worries that renewables promotion only comes alongside looser rules for fossil fuels. The $1 billion Gemini solar […]
UPDATE 2-Buffett’s Berkshire posts nearly $50 bln loss as coronavirus causes pain
Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses. Berkshire said most of its more than 90 businesses have faced “relatively minor to severe” negative effects from COVID-19, […]
Warren Buffett Has Started The Biggest Energy Revolution
Did you hear the news about a “breed” of stocks that made investors the richest in 2019? It’s not housing stocks, which enjoyed a record rally last year. It’s not even everyone’s beloved tech stocks like Netflix or Facebook. This may sound like a joke if you’ve followed this sector for long, but the hands-down […]
UPDATE 1-Warren Buffett-backed Canadian firm announces $200 million Alberta wind farm
CALGARY, Alberta: BHE Canada, a unit of billionaire Warren Buffet’s Berkshire Hathaway Energy, will start construction on a $200 million wind farm in southeast Alberta next year, the company said on Tuesday. The 117.6 megawatt (MW) Rattlesnake Ridge Wind project will produce enough energy to supply the equivalent of 79,000 homes, said BHE Canada, which […]