Tag Archives: Warren Buffett

Readout of the March National Climate Task Force Meeting

The White House Briefing Room, March 15, 2022

Yesterday, National Climate Advisor Gina McCarthy convened the tenth meeting of the National Climate Task Force with Cabinet members and senior leadership from across the Biden-Harris Administration. The Task Force focused on how agencies can continue supporting the President’s commitment to addressing Putin’s Price Hike from his unprovoked war against Ukraine, minimizing pain at the pump here at home, continue rapidly deploying clean energy, and keep reducing emissions that cause climate change. Continue reading here.

ADDITIONAL RECOMMENDED READING

NEBRASKA’S RENEWABLE ENERGY 

Source: Nebraska Department of Environment and Energy

Clean Power Nebraska Fact Sheet, American Clean Power Association

All Hell Breaking Loose Examines Climate Change From the Perspective of the U.S. Military

All Hell Breaking Loose: The Pentagon’s Perspective
On Climate Change, by Michael T. Klare

The Pentagon, unsentimental and politically conservative, might not seem likely to be worried about climate change―still linked, for many people, with polar bears and coral reefs. Yet of all the major institutions in American society, none take climate change as seriously as the U.S. military. Both as participants in climate-triggered conflicts abroad, and as first responders to hurricanes and other disasters on American soil, the armed services are already confronting the impacts of global warming.

The military now regards climate change as one of the top threats to American national security―and is busy developing strategies to cope with it. Drawing on previously obscure reports and government documents, renowned security expert Michael Klare shows that the U.S. military sees the climate threat as imperiling the country on several fronts at once. Read more about the book here.

Related Reading 

Additional Recommended Reading

Warren Buffett’s Annual Letter – Iowa’s Outstanding Wind Energy Development

Here’s what Buffett is telling shareholders in his annual letter, Omaha World-Herald

Buffett talked up the success of Berkshire’s energy subsidiary, which was launched in 2000 when Berkshire purchased MidAmerican Energy in neighboring Iowa. He said MidAmerican will hit a significant milestone in 2021 when it’s projected to be producing 25.2 million megawatt-hours of electricity from wind. That’s more than the annual needs of all of its Iowa customers. “In other words, our utility will have attained wind-energy self-sufficiency in the state of Iowa,” he said.

He noted the company has done that with rate increases of less than 1% a year, and the company has pledged no rate increases through at least 2028. He contrasted that to the other major utility in Iowa, which gets less than 10% of its power from wind and which has rates 61% higher than MidAmerican. Buffett also put out an offer to the rest of the industry. Berkshire has the operating talent and experience to manage “truly huge utility projects” of $100 billion or more, he said. “We stand ready, willing and able to take on such opportunities,” he said. 

Coal retirements in Indiana could be hastened by 2.6GW of wind, solar and energy storage

By Tom Kenning, Energy Storage News

US utility Northern Indiana Public Service Company (NIPSCO) has issued request for proposals (RfPs) for a mix of technologies across solar, energy storage, wind and others to meet requirements for extra power generation identified under its Integrated Resource Plan (2018 IRP). The Merrillville-headquartered company is one of seven utilities of NiSource Inc. and serves close to half a million customers in the northern part of Indiana. It currently has 2.9GW of generation capacity spread across coal, gas and hydropower. It now plans to divest away from coal assets, with a plan to retire most of this capacity by 2023, largely driven by calls from the local community to reduce pollution. Earlier this year a NIPSCO executive said that renewables are so cheap that it may now be able to retire its coal plants earlier than expected. Read more here.

Image credit: Flickr/Joe Passe

ALSO IN THE NEWS

NEW STUDY

US ‘green economy’ generates $1.3 trillion and employs millions, new study finds, CNBC
The green economy is driving growth and job creation in the United States, but as the rest of the world catches up, the U.S. will have to enact new and supportive policies to remain competitive, a new study from University College London found.

Warren Buffett-backed BYD and Generate Capital Take the ‘Messiness’ Out of Deploying Electric Buses

 By Julia Pyper, Greentech Media

The joint venture announced this week, described as the first of its kind, is designed to expand the U.S. electric bus fleet by reducing upfront costs. Generate Capital will invest $200 million to buy and lease the buses. Warren Buffett-backed BYD, one of the world’s largest electric vehicle manufacturers, will make and market the buses to public- and private-sector customers.
Read more here.

Photo Credit: BYD

MORE EV NEWS

BMW, Tesla open factories in China in spite of trade dispute

Warren Buffett utility says no new gas

By John Weaver, PV Magazine

Pacificorp, a Berkshire Hathaway electricity utility serving six Western states, said it has no plans to build new gas or coal in the coming decades, but instead plans to add 2.7 GW of wind and 1.8 GW of solar. Click here to read more.

ADDITIONAL RECOMMENDED READING

More U.S. jobs in solar than coal and nuclear combined, by Christian Roselund, PV Magazine
A new report from a think tank headed by former Energy Secretary Moniz reveals an additional 100,000 jobs with a part-time solar component, and hints at the political powerhouse that solar is becoming.

Local View: Buffett should support solar

Written by Eric Williams, Lincoln Journal Star

Eric is President-Elect of Nebraskans for Solar

Eric is President-Elect of Nebraskans for Solar

 

I’ve been a Berkshire Hathaway shareholder for more than 10 years; long enough to recognize that Warren Buffett is a shrewd investor who cares about his community and nation, but sometimes even the oracle needs a nudge. That’s why I signed a petition with more than 100,000 other people, encouraging Warren Buffett to support the booming rooftop solar industry that’s benefitting Nebraska and the nation. Continue reading.

 

Berkshire Hathaway joins major renewable-energy effort

By Nancy Gaarder and Steve Jordan / World-Herald staff writers

Photo: Matt Miller / The World-Herald  Warren Buffett with a large image of himself in the lobby at UNO's Mammel Hall in 2013.

Photo: Matt Miller / The World-Herald
Warren Buffett with a large image of himself in the lobby at UNO’s Mammel Hall in 2013.

Warren Buffett is lending his name and deep pockets to the battle against climate change.

Berkshire Hathaway Energy on Monday joined a dozen major U.S. businesses at the White House in calling for robust action on global warming.

Berkshire joined Apple, Walmart, General Motors, Cargill, Bank of America and others to announce more than $140 billion in investments in low-carbon projects and other actions as they shift toward greater reliance on renewable energy.

Continue reading.

ADDITIONAL RECOMMENDED READING
FACT SHEET: White House Launches American Business Act on Climate Pledge

Charlie Munger sees renewable energy as a “huge benefit to humanity”

Motley Fool’s School: Wisdom from Omaha, posted on Telegram.com

Photo Credit: Forbes

Photo Credit: Forbes

Superinvestors and business partners Warren Buffett and Charlie Munger recently held forth at their Berkshire Hathaway annual meeting in Omaha, Nebraska. Here are some paraphrased nuggets:

  • On energy: It’s expected that 58 percent of Berkshire Hathaway’s energy will come from wind by the end of 2016. The company has committed more than $18 billion to renewable energy. Munger sees renewable energy as a huge benefit to humanity.

Read more.