Credo Action

Tell Warren Buffett: Stop attacking rooftop solar

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Petition to Warren Buffett and Berkshire Hathaway

“End your attacks on net metering and rooftop solar. Berkshire Hathaway signed a pledge on climate change. You can’t have it both ways on clean energy.”

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    Tell Warren Buffett: Stop attacking rooftop solar

    Subsidiaries of Warren Buffett’s Berkshire Hathaway — the fifth largest public company in the world — are waging a war on rooftop solar in states around the country, even though the company signed a pledge this year committing to climate action.

    The rapid expansion of rooftop solar is one of our best hopes in “the transition to a low-carbon economy” — which Berkshire’s own pledge says “will produce multiple benefits,” while “delaying action on climate change will be costly in economic and human terms.”1

    It’s one thing when dirty energy companies attack clean energy, but it’s downright duplicitous when companies do it while claiming the mantle of climate leadership. Warren Buffett and Berkshire Hathaway are both seen as major market leaders and it’s important to send them, and other companies following them, the message that they can’t have it both ways.

    Tell Warren Buffett and Berkshire Hathaway: Stop attacking rooftop solar.

    In Nevada and Utah, Berkshire subsidiaries are working to gut the state net metering programs that allows homeowners to get credit for the solar power they provide to the grid.2,3 In Iowa, plans for a solar power plant had to be slashed when Berkshire subsidiary MidAmerican Energy refused to buy the solar power4 — even though a court later ruled they should have. In Oregon, another Berkshire subsidiary is opposing long-term power agreements that would help build the market for renewable energy.5

    Berkshire Hathaway’s climate pledge includes sizeable investments in clean energy. But when the company is simultaneously investing in clean energy and fighting to slow important clean energy opportunities like rooftop solar, those investments look more like a hedge than a good-faith effort to truly move toward a clean energy system.

    Berkshire Hathaway can’t have it both ways. The company should make good on its own climate pledge, and stop attacking rooftop solar and clean energy.

    Tell Warren Buffett and Berkshire Hathaway: Stop attacking rooftop solar.

    1. "American Business Act on Climate Pledge," Berkshire Hathaway Energy
    2. "Warren Buffett Is Sending Mixed Messages on Green Energy," Bloomberg, 5/18/15
    3. "Op-ed: Utah caught in larger battle of Berkshire Hathaway vs. citizen solar," Salt Lake Tribune, 10/12/15
    4. "Johnson County solar array plans scaled down," The Gazette, 3/12/15
    5. "Sierra Club fights Buffett-owned Pacific Power bid to shorten PURPA contracts," UtilityDive, 9/14/15