Posts Tagged "Financing & Economics"

“We have got a big appetite for wind or solar. If someone walks in with a solar project tomorrow and it takes a billion dollars or three billion dollars, we’re ready to do it. The more there is the better.”

– Warren Buffett, speaking to investors at Berkshire Hathaway’s annual shareholders meeting.

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“When are we ever going to be economically free, not serfs to the coal industry, unless there is economic diversity?”

– Filmmaker Mari-Lynn Evans, whose documentary “Blood on the Mountain” explores the troubled history of West Virginia’s coal industry, as quoted in a story about the state’s efforts to revitalize its economy independent of coal.

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 “The future for coal in the United States? There is no future.”

– Former Duke Energy CEO and Chairman Jim Rogers, speaking at the release of a new report calling coal’s decline one of the most “spectacular market collapses in equity history.” The combined market value of the four largest U.S. coal companies fell from $33 billion to $150 million in five short years.

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“Market forces are driving a rapid evolution of energy resources, and the current data clearly supports the replacement of the coal in our portfolio with an energy mix that includes more renewables and natural gas as the best, most economical path to a strong energy future for New Mexico.”

– Public Service of New Mexico President and CEO Pat Vincent-Collawn in a statement regarding the utility’s integrated resource plan, which calls for completely shutting down one of its two biggest coal-fired power plants by 2022 and exiting from coal completely by 2031.

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