Berkshire Hathaway Expands Fossil Fuel Holdings with $3.3 Billion LNG Plant Deal
TL;DR
Berkshire Hathaway's utility and energy division has acquired a 50% stake in the Cove Point liquefied natural gas facility in Maryland for $3 billion, demonstrating the company's confidence in the future of fossil fuels.
Topics:businessenergy#berkshire-hathaway#cove-point#energy#fossil-fuels#lng-facility#stake-acquisition
- Berkshire Ups Stake in LNG Facility, Showing It Doesn't Fear Fossil Fuels Barron's
- Buffett Takes Control of US LNG Plant With $3.3 Billion Deal Yahoo Finance
- Live news: Berkshire Hathaway takes LNG plant stake in new fossil fuel push Financial Times
- Dominion sells Maryland gas plant stake to Berkshire Hathaway unit for $3.3 bln cash Reuters
- Dominion Energy Announces Sale of Remaining Interest in Cove Point Yahoo Finance
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