“Buffett sees the light (no pun intended). He’s decided to risk his own capital to help save us from the climate. Except, in this case, ‘risk’ is for suckers. California utilities are under legislative mandate to get 33% of their electricity from renewable sources by 2020. Twenty-nine other states also have similar mandates. What can be better than circumventing the market, and having the law say that people must use your good or service? It’s like having your own printing press! It gets even better for Buffett. Utilities are already signing contracts for the renewable energy. And guess what? The cost is way higher than current market prices.”
http://www.economicpolicyjournal.com/2013/01/bailout-buffett-sage-of-solar.html
Related posts:
Egyptian military vows lethal response ahead of nationwide ‘March of Anger’
“What Is That Box?” — When The NSA Shows Up At Your Internet Company
Turn Your Desk Into a Pharmaceuticals Factory
U.S.-Backed Coalition Begins Siege Of Port Supplying 70% Of Yemen's Food
Three Telling Stories, One Disruptive Company
Man fires marijuana-wrapped arrow at Washington jail, says he was squirrel hunting
NSA Phone Snooping Cannot Be Challenged in Court, Feds Say
Finally, a reasonable newspaper article on why people renounce citizenship
A Brilliant Idea
US's Man ElBaradei May Head Egypt
Collectivists Posing As “Anarchists” Demand $3 Billion From Google
Anarchist Defeats Minarchist in New Hampshire Election
Free Staters Not Welcome in New Hampshire
Michigan: Use Plate Scanners To Boot Cars With Overdue Library Books
Australian Safety Official Seeks Refund Of 987 Speed Camera Tickets