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Warren Buffett's blockbuster deal this past week for Burlington Northern Santa Fe Corp. was based partly on the view that railroads are more efficient than trucks when energy prices are high.

But another company in Mr. Buffett's portfolio, MidAmerican Energy Holdings Co., also is making a "green" bet, building windmills and investing in high-tech batteries in one of the most significant pushes by a regulated utility in clean energy.

 

Submitted: Nov 7, 2009    Views: 142    Comments: 1    Likes: 2   


View Article: http://online.wsj.com/article/SB125755485686735097.html


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Comments Received:

Rajiv Gothra

I understand the rational behind the Burlington acquisition. But, Buffett is a smart man and has access to real talent. Unless he is expecting unlimited government incentives for wind, he should know that it is never going to work.

Posted: Nov 11, 2009



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