Berkshire Hathaway’s annual shareholders meeting never fails to disappoint for those who hope to walk away with a nugget or two of insight and foresight from the Oracle of Omaha himself. Reese Energy Consulting today is following up on Sunday’s 2021 BH meeting, when Chairman Warren Buffett and his longtime business partner fielded questions that ranged from the company’s heir apparent to Elon Musk and Bitcoin. On the subject of fossil fuels and climate change, Buffett defended his oil and gas investments while questioning if we’ve “built an unrealistic consensus on the pace of change” to clean energy. BH owns 12 major energy companies that include natural gas pipelines, utilities, and renewables—and landing that next mega-deal makes Buffett’s pulse quicken. Although 2020 was a quiet year for “elephant-size” deals, BH still swapped $10 billion for Dominion Energy’s natural gas and storage operations and now has proposed an $8 billion project to build 10 gas plants in Texas to serve as backup power. Who knows? The time may be ripe to pounce on something even bigger.

Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States.

www.berkshirehathaway.com

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