Berkshire Hathaway Sharpens Focus on Renewable Energy Projects

Berkshire Hathaway Sharpens Focus on Renewable Energy Projects

by Vikas Vij

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Thursday, August 6, 2015 - 8:00am



In 2014, World Wildlife Fund (WWF) and the World Resources Institute (WRI) convened 34 leading companies to create the Corporate Renewable Energy Buyers’ Principles. These companies, which included HP, Facebook, eBay, IKEA, Target, Bloomberg, 3M, P&G, Kaiser Permanente, Intel, Salesforce, Cisco, BD and Staples, became signatories to these principles to spur progress on resolving the challenges they face when buying renewable energy.

Now Warren Buffett’s Berkshire Hathaway Energy has joined a dozen major companies, including Walmart, Apple, Bank of America, Cargill and GM, which have announced more than $140 billion in investments in low-carbon projects and other actions to support a shift towards renewable energy. Ruth Comer, a spokeswoman for Berkshire Hathaway Energy, a division of Berkshire Hathaway Inc., said that it is important that the world see that U.S. businesses are speaking with a strong voice.

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Image Credit: Flickr via ingolfsalle

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.