29 Jul '13, 3pm

Warren Buffett: Coal is Done

Warren Buffett: Coal is Done

And Warren Buffett is still involved with one of the biggest coal-burning schemes of all — ongoing plans to export coal through the Pacific Northwest to developing markets in Asia. Buffett’s BNSF Railway would be the primary transporter of that coal, and the company has tried to get the coal export terminals approved over the objections of thousands of activists across the Pacific Northwest. The coal exports plan was once seen as the escape hatch for U.S. coal abroad, but with three out of the original six proposed terminals cancelled, recent Senate-requested investigations showing that coal on public land is being sold at under-market value, and announcements from both President Obama and the World Bank that they will be cutting off funding for coal plants abroad, is there a chance that Buffett may be reconsidering the future of coal exports as well?

Full article: http://www.solarfeeds.com/warren-buffett-coal-is-done/

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