Warren Buffett, probably the world’s most successful investor, a man noted for the conservatism of his investment policy and aversion to high tech, wants out of coal? Buffett’s Berkshire Hathaway controls a string of electric utilities that, in the past, burned plenty of coal. One of his largest utility holdings, PacifiCorp controls coal burning utilities throughout the west. It wants to phase out coal-burning power stations in Wyoming. Reason: according to a PacifiCorp official, a combination of renewables and energy storage is “really lower-cost than continuing to operate some of our existing fleet.” Notice the wording.
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