Buffett, apparently aligned with Trump, "infatuated" with coal and "drill baby drill" as well.
...
That comparison is just about the worst insult you can make to Buffett. As for investing in renewable energy, here is where Berkshire stands -

Insulting or not, the comparison is inapt.

The concern for Berkshire is whether or not the oil/gas/coal businesses, and their support businesses, are valid businesses to be in: legal and not immoral. They are. (among other observations, we'd all freeze or starve without them for now).

The concern for governments is the degree to which those industries are subsidized, encouraged, discouraged, punitively taxed, or banned.

The farmer's concerns and responsibilities are very different from the relatively bounded world of a given plant in the field : )

It's perfectly reasonable to be an oil driller for a living. It's also perfectly reasonable to do that while desiring a regulatory environment that leads to burning less oil over time. I don't think I'd be happy as (or investing in) a lobbyist trying for oil industry regulatory capture.

Jim

Berkshire Hathaway FAQ

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