Because Warren Buffet has a brain and a calculator and knows how to use both. He likely has understood that RE and EV’s are just a passing fad (albeit a very expensive one) and that eventually, people will want some life essentials such as power, mobility and some fun. You cant have all the good things while wrecking your economic base. So, the things that are known to work will stage a massive comeback and Mr. Buffet is no fool – he buys into it now while is cheap.
Warren Buffett says he never makes a Berkshire Hathaway investment based on climate, and he recently backed that up with a $10 billion acquisition of energy pipelines. Was the billionaire investor right?