Green Options

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The four dams on the Klamath River in far Northern California are under relicensing, something that only occurs every 50 years. The dams are owned by billionaire Warren Buffett, who purchased Pacificorp, one of the lowest-cost electricity producers in the United States, three years ago. Many Californians were hopeful this purchase would mean the end to the dams, but their concerns for the salmon fell on deaf ears. Once again, Warren Buffett rebuffed salmon advocates.

On Saturday, May 3, 2008, American Indian tribes and salmon fisherman failed to gain a private audience with Buffett and were ignored at the Berkshire Hathaway Inc. meeting in Omaha, Nebraska. Protesters shouted, “Un-dam the Klamath! Bring the salmon home!“, while shareholders enjoyed complimentary cocktails Friday night. For two years, an unprecedented alliance of tribes, businesses, conservation groups and commercial/recreational fishermen has tried to reach an agreement with Buffett for dam removal. Buffett said that his company would not decide the fate of the Klamath dams, but Berkshire will defer to regulators in California and Oregon. Ironically, dam removal is cheaper than building the fish ladders regulators are recommending.

I had read in Grist on April 15 that Warren Buffett’s Berkshire Hathaway had cancelled six proposed coal plants, but now it seems that opposition to building new coal plants is spreading, among Wall Street investors and the American public. Back in August 2007, 1600 Utahans signed a petition asking Buffett to cut Rocky Mountain Power’s dependence on coal, with the added message that Utahans want their utilities to investigate cleaner energy sources.

The most recent issue of Solar Today includes an article by Lester Brown of the Earth Policy Institute about the public outcry all across American which, in addition to the cost of the plants, has led to the cancellation of hundreds of coal plant construction projects. And a survey conducted by the Opinion Research Corporation, published yesterday, shows that “79% of respondents would prefer to try and meet demand through greater energy-efficiency and conservation before building more coal-fired plants. Only 19% say they disagree.” With that kind of public opposition, it’s not surprising that Wall Street is cooling on coal plants, too.