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Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. A new report is holding up legendary investor Buffett's decision to walk away from a proposed liquefied natural gas project in Quebec in March as one sign that the LNG sector in Canada and elsewhere is on shaky ground. Nati Harnik/The Canadian Press via AP
OTTAWA—Legendary investor Warren Buffett’s decision to walk away from a proposed export terminal for liquefied natural gas in Quebec is being held up in a new report as a sign that the LNG sector in Canada and elsewhere is on shaky ground.
The Global Energy Monitor report released Monday says Buffett’s move in March underscores the growing political and economic uncertainty that LNG projects are facing even as governments around the world tout liquefied natural gas as a clean alternative to coal power.
