Environment & Energy
Related: About this forumWarren Buffett is spending billions to make Iowa 'the Saudi Arabia of wind'
Business Insider
By Theron Mohamed
Dec. 30, 2019, 07:18
Warren Buffett is spending billions to turn Iowa into "the wind capital of the world, the Saudi Arabia of wind," he told the Financial Times.
Berkshire Hathaway's billionaire boss isn't investing in green energy to cut carbon emissions or combat climate change, however, but because of government incentives.
"We wouldn't do [it] without the production tax credit we get," he said.
Buffett is wary of companies pursuing social and environmental goals, arguing it is hard to assess whether they are truly doing good, executives shouldn't funnel shareholders' money into peripheral projects, and structural changes have costs that are often shared unevenly.
... "If people want us to junk our coal plants, either our shareholders or the consumer is going to pay for it," he told the Financial Times. If consumers pay, those living in coal-reliant regions would foot the bill while others pay nothing, he added.
https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-invest-billions-iowa-saudi-arabia-wind-2019-12-1028787852
Wellstone ruled
(34,661 posts)and known as the Windiest spot in the Midwest. We jokingly call a calm day a 20 mph wind out of the Southwest or Northwest. Caused by the downslope effect of the Buffalo Ridge.
Xcell as well as Midwest are expanding their Wind Farms all along the Western border of Minnesota and Eastern South Dakota. And Midwest recently announce new Wind Farms for Western Wyoming,and as well as Northeastern Nevada. Currently Midwest is in application for a mega Wind Farm south of Las Vegas which will be connected to the Solar Grid in that area.
bronxiteforever
(9,287 posts)Finishline42
(1,091 posts)One county in Missouri blocked the Grain State Express or it probably would have been operational by now bringing electricity from the wind belt to Illinois, KY and TN.
bronxiteforever
(9,287 posts)Wellstone ruled
(34,661 posts)we face here in the West. Right Wing Conservative Counties or Towns blocking new Wind and Solar Farms as well as new Transmission Lines.
Finishline42
(1,091 posts)They are still in the process of getting permits. They are trying to build HVDC and HVAC lines from Wyoming to southern Utah.
http://www.transwestexpress.net/about/history.shtml
Plan is build the line to Vegas.
Wellstone ruled
(34,661 posts)in real time living in Utah.
Duppers
(28,130 posts)Last edited Mon Dec 30, 2019, 08:42 PM - Edit history (1)
Bribe the assholes.
Or go around that county.
Duppers
(28,130 posts)Then he's an asshole.