While billionaire investor Warren Buffett built his fortune with conservative investments in banks, insurance companies, electric utilities, consumer staples and railroads, he apparently sees big opportunities in renewables. According to a report on www.yahoo.com, Buffett told attendees at a recent Edison Electric Institute conference that he is ready to double Berkshire Hathaway’s $15 billion investment in solar and wind to $30 billion. Said the Yahoo report:
“Describing the company’s increasing investment in renewable energy at the Edison Electric Institute’s annual convention in Las Vegas yesterday, 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: “‘here’s another $15 billion ready to go, as far as I’m concerned.’”