Buffett Ready to Double $15 Billion Solar, Wind Bet
Describing the company’s increasing investment in renewable energy at the Edison Electric Institute’s annual convention in Las Vegasyesterday, Buffett had to rely on a deputy, Greg Abel, to remind him just how much they’d committed: $15 billion.
Without missing a beat, Buffett responded: “There’s another $15 billion ready to go, as far as I’m concerned.”
Such bold remarks are common for the Berkshire chairman and chief executive officer. He frequently talks about hunting for “elephant”-size acquisitions and making multibillion-dollar stock purchases.