Topic: Buffett's 2024 Shareholders' Meeting Is Coming
When asked why its Nevada Energy company isn't investing more in solar energy and renewable energy. Abell said, “There is no doubt that solar energy is a huge opportunity for Nevada Energy, and the company will continue to invest in the solar energy sector.
The company is transitioning to renewable energy, but it won't happen overnight, he said. At this point, he said, the company cannot completely get rid of carbon resources. In Iowa, 100% of the energy comes from wind energy, which he said is exciting.
“We will continue the transition to renewable resources and solar energy in Nevada and beyond,” he said. But in the foreseeable future, natural gas will be an important resource and backing if there is no other energy source.