Warren Buffett News: Buffett, Google Inc (GOOG) spend $2.2 billion on wind and solar projects in December

Buffett, Google spend $2.2 billion on wind and solar projects in December (Mining)
Like Warren Buffett who made a big investment in renewables just before the holidays, Google Inc (NASDAQ:GOOG) announced its own $200 million equity investment in a west Texas wind farm on Wednesday. “In late December, while most of us were busy wrapping presents, our Treasury team was tying a bow on our most recent renewable energy deal: an approximately $200 million equity investment in a wind farm in west Texas that generates enough energy to power more than 60,000 average U.S. homes,” wrote Google on its blog.

BERKSHIRE HATHAWAYA Solar Stock With a Better Business Model (Fool)
Solar companies heard some good news recently, as Warren Buffett just demonstrated his confidence in the industry with a power plant buy. MidAmerican Solar, owned by Berkshire Hathaway, (NYSE: BRK-A) (NYSE: BRK-B) bought the Antelope Valley Solar Plants from SunPower, reported Chris Clarke at KCET. Warren Buffett definitely knows how to find bargains, but investors in the solar power business have been burned before, so a solar power company needs a good business plan. SolarCity Corp (NASDAQ:SCTY) may have what it takes.

Oil Industry Beats Buffett in Railroad Investments Surge: Energy (BusinessWeek)
North American energy companies are starting to invest more in railroad terminals than the railroads themselves. A group of oil and natural gas pipeline operators led by Plains All American Pipeline LP (PAA) announced plans just in the past three months to spend about $1 billion on rail depot projects to help move more crude from inland fields to refineries on the coasts. Warren Buffett’s Burlington Northern Santa Fe LLC, the largest U.S. railroad, spent $400 million on terminals in 2012.

Wall Street warms up to GM’s bullish outlook (TheGlobeAndMail)
Investment guru Warren Buffett likes this stock, formerly one of the world’s most notorious equity market dogs. So does James Grant, founder of an eponymously named U.S. investment newsletter with a big following among the hedge fund crowd. Even our usually dour federal Finance Minister Jim Flaherty weighs in with a bullish take. He’s looking for higher prices before unloading the not-so-inconsequential position he oversees. The company? General Motors Co., the auto giant that tumbled into bankruptcy during the financial crisis and suffered the ignominy of being rescued by U.S. and Canadian governments.

Warren Buffett Guarantees Safety of US Banks, But Has 3 Favorites (Forbes)
Warren Buffett appeared on Bloomberg this week personally guarantee the safety of U.S. banks. Though Buffett doubtless has a thorough method for valuing banks, he mentioned three signs in particular of their growing strength coming out of the financial crisis. “The banks will not get this country in trouble, I guarantee it,” he said. “The capital ratios are huge, the excesses on the asset side have been largely cleared out… we own bank shares and I personally own stock in banks… I do not see problems in these things.” …While Buffett has not revealed Berkshire Hathaway Inc. (NYSE:BRK.A)’s fourth quarter portfolio yet, his third quarter holdings show just three banks worthy of inclusion in the portfolio: Wells Fargo (WFC), M&T Bank Corp (MTB) and U.S. Bancorp (USB). Together, they have a 22.8% weighting in it.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!