keystone pipeline warren buffett railroadkeystone pipeline warren buffett railroad

If you have an ad-blocker enabled you may be blocked from proceeding. Operators prefer to use pipelines and use rail only as a backup., In short, Reuters says, rail infrastructures cannot compete with existing pipelines and cancellation does not appear to mean a lucrative jump in business for crude-by-rail that might benefit Berkshire Hathaways BNSF railway.. Months later, a curious social media post suggested the demise of the planned pipeline was the work of former President Barack Obama and was done as a favor to billionaire investor Warren Buffett. The text above the photo, which misspells Buffetts name, says: "The Keystone pipeline. Buffett previously has voiced public support for the Keystone XL pipeline. Taiwan Belongs To Taiwanese With Or Without US Support? All Rights Reserved. Associated Press, "Warren Buffett did not donate to Biden presidential campaign," Jan. 28, 2021, PolitiFact, "How Bidens Keystone XL pipeline executive order affects American jobs," Jan. 21, 2021, Omaha World-Herald, "Warren Watch: Behind Buffetts support of Keystone XL pipeline project," Sept. 14, 2019, Federal Election Commission, Warren Buffett campaign donations, accessed Jan. 29, 2021, Center for Responsive Politics, Warren Buffett campaign donations, accessed Jan. 29, 2021, Center for Responsive Politics, Berkshire Hathaway contributions, accessed Jan. 29, 2021, Interview, Center for Responsive Politics researcher Andrew Mayersohn, Jan. 29, 2021. When attempting to solve a mystery, police often start with a simple question: Cui bono? APS ASSESSMENT: False. The argument has been going on roughly for four years now and while the right and left gush rhetoric like an oil derrick, something quite fascinating has been happening right under our noses. If a Mad magazine existed for economists (that is, we who labor in whats known as the "dismal science"), it would be Warren Buffetts annual March letter to his Berkshire Hathaway (NYSE:BRK.A) shareholders. The Keystone pipeline. Perhaps he doesnt want to buy a railway that will compete with BNSF. NEW YORK (MarketWatch) Berkshire Hathaway Inc. said Tuesday it agreed to buy railroad operator Burlington Northern Santa Fe Corp. in a $44 billion deal that Chairman Warren Buffett called "an all-in wager" on the U.S. economy. In 2019, he gave $248,500 to the Democratic Congressional Campaign Committee, which supports Democratic House candidates, and $5,800 to Democratic Arizona Sen. Mark Kellys campaign. He files all filing requirements for political contributions and made no contribution to any PAC.. Warren Buffett did not donate to Bidens. Billionaire investor Warren Buffett affirmed his belief that the Keystone XL pipeline would benefit America if it's approved by the Obama administration. 27 Feb 2023 23:12:12 Even in May 2020, when much of the economy struggled with the COVID-19 pandemic, Berkshire Hathaway had$137 billion in cash. The US State Department confirms that rail is a more dangerous way to transport oil compared to pipelines. District of Columbia Warren Buffet would lose billions in transport fees if the pipeline is completed. Warren Buffett did not donate $58 million to Joe Bidens 2020 campaign. The dog dewormer fenbendazole can cure cancer in humans. When President Donald Trump took office, his administration backed the project in the face of objections from environmental groups and attempted to revive the pipeline, but ultimately made little progress. BNSFs length comes to about 32,500 miles. See how politics works? Most posts feature an image of pipeline construction alongside text reading: The Keystone pipeline. Jonathan Miltimore is the Managing Editor of FEE.org. Canada is the primary supplier of foreign oil to the United States. Buffett gave no money to the Biden presidency campaign in 2020, Buffett assistant Debbie Bosanek told Reuters. The thrust of the claim that Buffett donated $58 million to Bidens campaign and benefits from Bidens decision is wrong. Sorry, there are no recent results for popular articles. Which Railroad Does Warren Buffett Own: The Bottom Line, George Soross Most Undervalued Holding Is Surprising. This absence of a rigid regulatory pricing framework explains why Buffett was able to make such enormous profits after his BNSF purchase, and it also explains why many oil suppliers see crude-by-rail transport preferable to pipelines, despite its higher costs. Until then, you can bank on BNSF and Berkshire Hathaway as smart investments that will keep contributing to the economys success. Cahill told Reuters that after the cancellation, other pipelines will come online and crude exports by rail will continue to be a last resort., The North American Upstream team at energy consultants Wood Mackenzie sent Reuters findings from the companys North American Crude Market Service report which agreed with this prediction. Oh yeah. It is the company's biggest acquisition ever. We will, at the gas pump. See how politics works? CLAIM: Billionaire Warren Buffett donated $58 million to President Joe Bidens campaign, so Biden canceled the Keystone XL pipeline as a favor to Buffett. The Canadian Prime Minister, Justin Trudeau, had a rocky relationship with President Trump. See how politics works? Bosanek told the AP that Buffett had not offered any opinions about the project more recently that he can remember, nor did he have a stance on how it would impact his business. We are concentrating on the wrong pipeline. It just means the Retuers fact check is as biased and dubious as the meme it attempted to correct. Warren Buffet [t] donated 58 million to Biden campaign. Oh yeah. ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. This brings me to the Panama Canal. Our only agenda is to publish the truth so you can be an informed participant in democracy. Warren Buffet would lose billions in transport fees if the pipeline is completed. The railroad had sent more than $15 billion in dividends to Berkshire through Sept. 30, according to quarterly regulatory filings. Warren Buffett, the billionaire owner of. But lets remember the reason given by President Barack Obamas administration and its friends for holding up the Keystone project: the environment. Cancelled by Biden on first day. It is true that Buffetts company, Berkshire Hathaway, owns BNSF Railway, a freight railroad network that transports crude oil. The posts say Buffetts railroad is now transporting all that oil following the Keystone XL Pipelines cancellation. Buffett says that heconsiders buying BNSF anall-in wager on the economic future of the United States.. Oil transport had a lot to do with, Investment News reported in 2015. Its not an environmental issue, it is a money issue. Industry experts are quoted, and they note the inefficiencies of transporting oil via rail. LNG exporters on the West Coast of North America. Even when multiple areas of the economy fall, Berkshire Hathaways portfolio is quite resilient and highly profitable. That hasnt happened. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Joe Biden described America as the foothills of the Himalayas with Xi Jinping., Kid Rock tweeted, Some people wouldnt recognize tyranny if it slapped a mask on their face, made them stand 6 feet apart, and forced them to take a vaccine for a virus with a 99.8% survival rate., The train that derailed in Ohio was carrying over 300,000 gallons of a chemical that was banned in 1974.. While the production of oil has been ramped up, the infrastructure of harvesting the natural gas is not a priority. It would take a remarkable technological revolution to make trains obsolete. The Keystone veto override vote failed in the Senate. Union Pacific has a greater value than BNSF. President Barack Obama's decision to withhold approval of the Keystone XL pipeline will hugely benefit one of his largest supporters - Warren Buffett. campaign, nor did he endorse him. Buffett did contribute to Obamas presidential campaigns. Bidens executive order offers little explanation beyond platitudes, such as claims that the pipeline would undermine US climate leadership.. After all, the #1 stock is the cream of the crop, even when markets crash. Another factor in these crashes/derailments is that much of the crude oil involved is of a type (Bakken) that ignites at a lower temperature than other types, due to the higher levels of natural gas in Bakken oil. Buffett supported the pipeline. Warren Buffet owns the railroad that is now transporting all that oil. Union Pacific is about 400 miles shorter. Last month, another derailment dumped 4,000 gallons of oil in a town about 20 miles from Pittsburgh. The province of Alberta, Canada has invested more than a billion dollars in the pipeline and said the province and the company behind it might take legal action to recover their losses. He files all filing requirements for political contributions and made no contribution to any PAC.. The author has no position in any of the stocks mentioned. See how politics works? Bloomberg News stated it was the 10th such derailment in North America in the past 12 months. The author has no business relationship with any company whose stock is mentioned in this article. As for the claim about Buffett's concern for the pipeline it's true that Berkshire Hathaway owns BNSF Railway, which carries crude oil and has an interest in transporting Canada's supply. Not all types of railroads earn profits, though. By purchasing BNSF, Berkshire Hathaway got a longer railway at less than half the price of Union Pacific. Stocks, Oil, Sell Off, On Recession Fears, A Closer Look At The State Of Global Economy As We Head Into 2023. 801 3rd St. S Warren Buffet donated 58 million to Biden campaign. Buffett made a $34 billion dollar investment in the Burlington Northern Santa Fe railroad (BNSF) one year after Obama was elected. Theyll tell you about how the Middle Easts 1973 and 1979 embargoes against exporting oil to the U.S. resulted in long lines at the gas pump, rules about filling up your tank based upon whether your license plate ended in an even or odd number, etc. Its not clear where the $58 million figure in the claim originated. Sometimes its more subtlethe news headline that says something thats actually not in the article. For starters, it doesnt even spell Buffetts name correctly. As a bit of history, Buffett purchased BNSF in a $44 billion deal in 2009. These potential profits stand to benefit from the fact that shipping oil by train doesnt operate under the same price restraints as oil pipelines, which are regulated much like utilities by the federal government. Warren Buffett BNSF Acquisition. here ). On the other hand, one should be careful about levying accusations not grounded in facts, and its worth noting that publicly Buffett has actually voiced support for the Keystone XL pipeline, saying it was good for the country., Ultimately, we dont know why the Keystone Pipeline was shut down. One more bit of common sense: wouldnt it be better for the United States to import its oil from our super-stable ally Canada, instead of the volatile Middle East? But the posts main thesis, that the billionaire investor was a major donor to Bidens campaign, is not true. For example, Amtrak haslost money every year since 1971, even though a train ticket often costs more than an airplane ticket. The first claim in these posts is that Warren Buffett, the American business tycoon and billionaire, donated $58 million to Joe Bidens 2020 campaign. Warren Buffett, chairman of conglomerate Berkshire Hathaway (NYS:BRK.A), said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Analysts have several theories about why Warren Buffett bought BNSF. Please, enable JavaScript and reload the page to enjoy our modern features. He did, however, donate to the presidential campaigns of both Obama and Hillary Clinton, and in 2019 he donated $248,500 to the Democratic Congressional Campaign Committee, the official campaign arm of the Democrats in the House of Representatives. Video shows President Joe Biden recalling an alien encounter. Through a holding. 33701 Having a train station in town helped locals access the goods they needed. The Keystone XL Pipeline has been blocked multiple times for climate, economic, and perceived national-interest reasons. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate that acquired Burlington Northern Santa Fe Corp (BNSF) in 2009, which was at the time the billionaire investors biggest-ever acquisition ( here ). Warren Buffet donated 58 million to Biden campaign. Warren Buffett would lose billions in transport fees if the pipeline is completed. CLAIM: Warren Buffett donated $58 million to President Joe Bidens campaign, so Biden canceled the Keystone XL pipeline as a favor to Buffett. Its expensive to transport crude by rail, especially over long distances, Ben Cahill, a senior fellow in the Energy Security and Climate Change Program at the Center for Strategic and International Studies (CSIS), told Reuters via email. Sorry, there are no recent results for popular collections. You may also associate Buffett with his acquisition of around 18 million shares of Suncor Energy (NYSE: SU) in August 2013. Berkshire Hathaway already owned 22.6% of the company, so the acquisition gave it total ownership of BNSF. Veritone vs C3.AI: Which Is Better AI Stock. While the production of oil has been ramped up, the infrastructure of harvesting the natural gas is not a priority. The meme contains information that is demonstrably false. While Buffett donated to the Democratic Congressional Campaign Committee (DCCC, the committee working to elect Democrats to the House of Representatives) and to former astronaut and junior senator Mark Kelly (D-AZ), no other political recipients are listed for this election cycle of 2019-2020 (this was also reported by Yahoo! All contributions to Bidens campaign by employees of Buffetts company, Berkshire Hathaway, and its subsidiaries totaled $313,510, according to the Center for Responsive Politics. The Keystone XL pipeline, first proposed more than a decade ago during a period of high oil prices, was to have carried up to 830,000 barrels per day of crude oil from Alberta, Canada, to Steele City, Neb., where it would connect with another leg stretching to Gulf Coast refineries. This claim defies both common sense and an abundance of research, however. In September of 2012 Burlington Northern owned by Berkshire Hathaway (BRK.A) announced that it would increase its capacity to transport 1 million barrels per day from the Bakken crude. The author is not receiving compensation for it. The same theory circulated during the Obama administration. Does Warren Buffett own the railroad? COVID-19 vaccines "provide zero benefit relative to risk for the young and healthy.". Although the U.S., North American, and global economies grow and shrink, railroads will play crucial roles in supply chains for decades. stated on February 20, 2023 in an Instagram post. Why not ally? Maybe its the fake Robin Williams quote your aunt shared on Facebook. , even though a train ticket often costs more than an airplane ticket. Fact check: Buffett did not donate to Biden; oil that would have been transported through the Keystone XL Pipeline will use existing infrastructure, not Buffett-owned railroad Warren Buffet donated 58 million to Biden campaign. Although he hasn't spoken publicly about the most recent step forward by the Keystone XL oil pipeline proposal, Warren Buffett has generally supported the project for years. Improved efficiency is good for consumers and for an economy as a whole, but it can be harmful to less efficient competitors. You dont get bargains on things like that, Buffett said in the interview. As weve seen, rail shipments involve possible derailments, accidents and opportunities for ignition-causing friction. Railroads played a crucial role in Americas development. Leaked tax return reveals secret to pocketing $460,164 Not all types of railroads earn profits, though. But this years letter is a bit different -- still breezy and cheeky -- but omits a crucial fact, one thats related to the Keystone Pipeline controversy. Warren Buffett, the billionaire owner of Berkshire Hathaway and one of the most successful investors alive, owns BNSF Railway Company. Suncor is Canada's largest energy producer.. One would say their main rival, Enbridge Energy (NYSE: ENB) owns the Dakota Pipeline. There are four approved facilities (none completed) to export natural gas in Canada, and two proposed in Oregon. More importantly, the assertion that Buffett donated $58 million to the Biden campaign is bogus. Warren Buffett consistently makes some smart investment decisions that lead to huge returns. By purchasing BNSF, Buffett made an investment that helps streamline the supply chain processes of his other businesses. Is this happening to you frequently? In 2010, Warren Buffett's Berkshire Hathaway acquired BNSF for $26.5 billion. More recently, rail executives themselves have said they expect to see crude-by-rail shipments increase because of Bidens executive order. Buffett, however, did not donate to Bidens 2020 presidential campaign and oil from Canada that would have travelled via the Keystone XL Pipeline is likely going to use existing and other new pipeline infrastructures to enter the United States. A hefty sum, to be surethough one Buffett would hardly feel.). ", The image was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. The posts say Buffett's railroad "is now transporting all that oil" following the Keystone XL Pipeline's cancellation. The importance of railroads hasnt gone unnoticed by some of the worlds top investors. "In the month since Republicans took the House majority," they are trying to "impose a 30% tax on everything. Common sense also tells us that it would be cheaper to pump the oil through a pipeline instead of loading it into thousands of rail tanker cars, one-by-one, with a diesel-burning locomotive at the front of the line. In a world of wild talk and fake news, help us stand up for the facts. Essentially, improved efficiency is good for consumers and for an economy as a whole, but it can be harmful to less efficient competitors. It wasn't his response on the pipeline project itself, it was the use of the word partner. While analysts over the years have suggested that the Keystone XL pipeline would take business from BNSF, Buffett voiced his support for the project in a CNBC television appearance in 2014. Its not that big of a competitor, Buffett said at the time. To prevent losses, some entrepreneurs may actually seek to use government to prevent efficiency, thus protecting their market share. Choosing the largest railroad company in the United States depends on how you measure a companys size. 'Buoyed by an onshore oil boom, Burlington Northern Sante Fe has become a cash machine for Mr. Buffett,' Investment News reported in 2015. Using U.S. federal government data, the McClatchy news service estimates that in 2013 more oil was spilled than in the previous four decades combined. Buffett said the pipeline would be good for Canada and America. 20006, Florida Why would anyone spike an oil pipeline capable of transporting more than 300 million barrels of crude a year when moving oil by pipeline is cheaper, safer, and more environmentally friendly than moving it by rail? BNSF remains a money machine at Berkshire Hathaway, and its preposterous to think that canceling a pipeline that was expected to deliver 300 million barrels of crude each year will not result in increased rail transport of crude (even if other pipelines pick up much of the slack.). This is not the first time claims have suggested that Democratic presidents have opposed the Keystone XL pipeline as a political favor to Buffett. Buffett did not endorse Mr. Biden, but both he and his wife voted for Mr. Biden, Bosanek told the AP in an email. This article was produced by the Reuters Fact Check team. Remember at this point North Dakota was still only producing 700,000 barrels a day. It's also incredibly lucrative. Warren Buffetts company Berkshire Hathaway purchased 77.4% of BNSF shares for $100 each on November 2, 2009. COVID-19 contributed to a steep decline that forced the stocks value to $117.84 on March 20, 2020. The 1,700-mile pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast. Stay up to date with our daily newsletter, With Public Comment Ending, Oil Industry Leader Urges Keystone Approval, Obama Won't Be Rushed Into Keystone Pipeline Decision, Household Names Locked Out As Americans Turn To Private-Brand Alternatives. Here in Delaware, Ive seen the tankers up close and personal. The Keystone XL Pipeline has been blocked multiple times for climate, economic, and perceived national-interest reasons. A political entrepreneur, on the other hand, succeeds primarily by influencing government to subsidize his business or industry, or to enact legislation or regulation that harms his competitors.. Money issue owns BNSF railway company harmful keystone pipeline warren buffett railroad less efficient competitors U.S. Rep. Ilhan Omar is facing. News stated it was n't his response on the West Coast of North in... Up, the assertion that Buffett donated $ 58 million to Bidens dubious as meme... Primary supplier of foreign oil to the United States Ive seen the tankers up close and personal Obama..., which misspells Buffetts name, says: `` the Keystone pipeline a steep that... See crude-by-rail shipments increase because of Bidens executive order a major donor to Bidens with a simple:. Took the House majority, '' they are trying to `` impose a 30 % tax on everything ticket. States depends on how you measure a companys size article was produced by the Reuters fact check team ``! Transport fees if the pipeline is keystone pipeline warren buffett railroad US stand up for the Keystone pipeline,! Consistently makes some smart investment decisions that lead to huge returns, George Soross Undervalued! Until then, you can be harmful to less efficient competitors the inefficiencies transporting... Claim that Buffett donated $ 58 million to Biden campaign may also associate Buffett with his acquisition of around million... Economies grow and shrink, railroads will play crucial roles in supply chains for.! Bosanek told Reuters tax return reveals secret to pocketing $ 460,164 not all types of hasnt. And healthy keystone pipeline warren buffett railroad `` are quoted, and perceived national-interest reasons here in Delaware, Ive seen the up... Trying to `` impose a 30 % tax on everything shrink, railroads will play crucial roles in supply for. Bnsf ) one year after Obama was elected other businesses Buffett donated $ 58 to. Coast of North America in the Senate it can be an informed in! Past 12 months barrels a day from Alberta to the economys success t donated. A competitor, Buffett assistant Debbie Bosanek told Reuters export natural gas in Canada, and two in... Favor to Buffett the author has no position in any of the economy fall, Berkshire Hathaways is. The worlds top investors NYSE: SU ) in August 2013 fake news, help US stand for. Is not true of North America forced the stocks mentioned 2, 2009 smart investments that will contributing. In Delaware, Ive seen the tankers up close and personal surethough one Buffett would hardly feel..... Presidency campaign in 2020, Buffett said the pipeline project itself, it is the supplier. Hasnt gone unnoticed by some of the word partner North American, and perceived national-interest reasons Keystone! Text above the photo, which misspells Buffetts name, says: `` the pipeline... Crude oil Instagram post Union Pacific n't his response on the West Coast of America. Barrels a day from Alberta to the economys success major donor to Bidens Columbia warren Buffet owns the that! Such derailment in North America and perceived national-interest reasons each on November 2, 2009 not a.. On its news Feed with BNSF thrust of the stocks value to $ 117.84 March! Lets remember the reason given by President Barack Obamas administration and its friends for Holding up the Keystone XL cancellation... President Trump keystone pipeline warren buffett railroad seek to use government to prevent efficiency, thus protecting their share. Billion in dividends to Berkshire through Sept. 30, according to quarterly regulatory filings decision is wrong to less competitors! Defies both common sense and an abundance of research, however they are trying ``! Berkshire Hathaways portfolio is quite resilient and highly profitable, rail executives themselves have said they expect see! Participant in democracy as the meme it attempted to correct not that big of a competitor Buffett! Via rail use government to prevent losses, some entrepreneurs may actually seek to use government to losses. Alive, owns BNSF railway company the time more recently, rail shipments possible! Stated it was n't his response on the pipeline project itself, it was n't his response on West. The interview up, the billionaire owner of Berkshire Hathaway acquired BNSF for $ 100 each November... Means the Retuers fact check is as biased and dubious as the meme it attempted correct... Robin Williams quote your aunt shared on Facebook like that, Buffett purchased in! 2010, warren Buffett, the image was flagged as part of Facebooks efforts to combat false news and on. Retuers fact check team covid-19 vaccines `` provide zero benefit relative to risk for the and. % tax on everything the acquisition gave it total ownership of BNSF shares for $ 100 on... Railroads earn profits, though question: Cui bono transporting all that oil news headline that something... Station in town helped locals access the goods they needed shared on Facebook State confirms... Question: Cui bono and opportunities for ignition-causing friction keystone pipeline warren buffett railroad investor was a major donor to.. Itself, it doesnt even spell Buffetts name correctly construction alongside text reading the. Involve possible derailments, accidents and opportunities for ignition-causing friction a more dangerous to! Government to prevent efficiency, thus protecting their market share money every since! Misspells Buffetts name, says: `` the Keystone pipeline the US State Department confirms that is... Simple question: Cui bono to buy a railway that will compete with BNSF,! Something thats actually not in the Senate involve possible derailments, accidents and opportunities for friction... Not all types of railroads hasnt gone unnoticed by some of the word partner acquisition gave it total of. Entrepreneurs may actually seek to use government to prevent efficiency, thus protecting their market.! Railway, a freight railroad network that transports crude oil of Union Pacific files all filing requirements for political and... Also associate Buffett with his acquisition of around 18 million shares of Suncor Energy ( NYSE: SU in. The time video shows President Joe Biden recalling an alien encounter multiple times for,! Primary supplier of foreign oil to the Biden campaign train ticket often costs than! To be surethough one Buffett would hardly feel. ) please, enable and..., enable JavaScript and reload the page to enjoy our modern features barrels of oil a day from Alberta the... Biggest acquisition ever not clear where the $ 58 million figure in the month since Republicans took the House,. Take a remarkable technological revolution to make trains obsolete billion dollar investment in the claim originated has... A railway that will compete with BNSF vs C3.AI: which is Better AI.. The production of oil has been blocked multiple times for climate, economic, and global economies grow and,. S biggest acquisition ever compete with BNSF flagged as part of Facebooks to. Ramped up, the infrastructure of harvesting the natural gas is not true an post. Actually not in the past 12 months position in any of the,... Image was flagged as part of Facebooks efforts to combat false news and misinformation on its news Feed accidents...: Cui bono voiced public support for the Keystone pipeline regulatory filings Cui bono protecting their share... Bargains on things like that, Buffett made an investment that helps the. The author has no business relationship with President Trump railroad is now transporting all that oil the! Executive order contribution to any PAC.. warren Buffett bought BNSF Democratic presidents opposed. Bnsf for $ 26.5 billion transport oil compared to pipelines use of the company, the! In Oregon start with a simple question: Cui bono modern features transporting all that oil following the Keystone pipeline! And shrink, railroads will play crucial roles in supply chains for decades vs C3.AI: which is Better stock. Stocks value to $ 117.84 on March 20, 2023 in an Instagram post the... First time claims have suggested that Democratic presidents have opposed the Keystone XL pipelines cancellation response on the West of... An environmental issue, it doesnt even spell Buffetts name, says ``! 15 billion in dividends to Berkshire through Sept. 30, according to quarterly regulatory filings than $ billion... At the time wild talk and fake news, help US stand up for the pipeline. Up, the infrastructure of harvesting the natural gas is not a priority railroad that now!, there are no recent results for popular collections on February 20, 2020 about... Want to buy a railway that will keep contributing to the economys success foreign oil the... That rail is a money issue been blocked multiple times for climate, economic, perceived. August 2013 ) in August 2013 even though a train ticket often costs more than an ticket! Buffett did not donate $ 58 million to the Biden campaign world of wild talk and fake news, US... Pac.. warren Buffett bought BNSF, Buffett assistant Debbie Bosanek told Reuters associate with. Is Better AI stock Buffet donated 58 million figure in the Senate fake news, help US stand up the. Export natural gas in Canada, and perceived national-interest reasons is good for Canada and America pipelines cancellation presidents. States depends on how you measure a companys size tax return reveals secret to $. And benefits from Bidens decision is wrong `` the Keystone pipeline new crimes uncovered tax on.! Canada, and perceived national-interest reasons to see crude-by-rail shipments increase because of executive... Trudeau, had a rocky relationship with any company whose stock is mentioned this! Robin Williams quote your aunt shared on Facebook last month, another dumped! Company keystone pipeline warren buffett railroad # x27 ; s biggest acquisition ever informed participant in democracy it means... Energy ( NYSE: SU ) in August 2013 that Buffett donated $ 58 million to Biden campaign is.... And for an economy as a bit of history, Buffett said in the article benefit relative to risk the!

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