Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (8) |
Author: DTB ✭  😊 😞
Number: of 12539 
Subject: Re: Chris Wright/BHE
Date: 11/18/2024 2:40 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 6
Anyone out there have an opinion on what effect new Energy Secretary elect Chris Wright will have on BHE? He seems to be big on fossil fuel but not so much on wind and solar. I believe BHE has a very substantial operation in solar and wind with significant government subsidies, and/or incentives. I can't imagine his appointment was very well received at BHE HQ

I think Buffett has been pretty clear that wind power developments by BHE make sense if and only if there are big government subsidies. Those may very well disappear, but contracts already signed are likely to be honoured, so I doubt that would hurt the numerous projects already online. BHE (and Occidental and Chevron of course) will do fine with a greater focus on fossil fuels.

And perhaps more importantly, a more market friendly regulator may make it possible for BHE to make huge investments in generation and transmission infrastructure, which is a destination for capital that I think Berkshire probably looks forward to.

dtb
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (8) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds