Berkshire Hathaway joins major renewable-energy effort
Source: Omaha World Herald
By Nancy Gaarder
and Steve Jordon
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.
“It’s important that the world see that U.S. businesses are speaking with a strong voice” on climate change, said Ruth Comer, a spokeswoman for Berkshire Hathaway Energy, a division of Berkshire Hathaway Inc., the Omaha-based conglomerate headed by Buffett.
FULL story and related stories at link.
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Read more: http://www.omaha.com/money/buffett/berkshire-hathaway-joins-major-renewable-energy-effort/article_bac60de4-afe7-50aa-9ebd-8e34aa499ba4.html
Get to know Berkshire Hathaway Energy
- Ninth in 2012 retail electric sales in the United States.
- Accounts for 9 percent of earnings by Berkshire Hathaway’s operating companies, or $1.88 billion in 2014, up 42 percent from two years ago.
- Sells electricity in 11 states, from Iowa to California (excluding Nebraska), the largest geographic territory of any electric utility.
- From zero 10 years ago, BH Energy now has 6 percent of the nation’s wind generation capacity and 7 percent of its solar capacity. It operates two pipelines that deliver 8 percent of the nation’s natural gas consumption.
- From 2000 to the end of 2014, BH Energy reduced emissions by 66 percent for sulfur dioxide, 65 percent for nitrogen oxides, 45 percent for mercury and 25 percent for greenhouse gases.
- Also owns an electricity transmission system in Canada and electric businesses in the United Kingdom and the Philippines.
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