Why Warren Buffett is betting on energy pipelines even as climate fears, and renewables, are rising

Why Warren Buffett is betting on energy pipelines even as climate fears, and renewables, are rising

Recent deals like Warren Buffett's $10 billion acquisition of pipeline assets from Dominion Energy show major market players headed in different directions over climate change, fossil fuels and renewable energy.Daniel Acker | Bloomberg | Getty ImagesWith the coronavirus pandemic slashing demand for the oil and gas that has been booming in the U.S. shale during the past decade, energy pipeline development has stalled. The midstream portion of the energy complex, as it is known, may not recover soon, but it will recover, according to energy experts, and none other than Warren Buffett — who has been uncharacteristically shy about making investments during the Covid-19 washout — is betting on that. The billionaire investor recently plunked down near-$10 billion to buy gas pipeline assets and related debt.After a decade of capacity buildout