Warren Buffett's Berkshire Hathaway increased its stake in an LNG plant in Maryland for $3.3 billion as it doubles down on fossil fuels.

<div class="block">Warren Buffett&#39;s Berkshire Hathaway increased its stake in an LNG plant in Maryland for $3.3 billion as it doubles down on fossil fuels.</div>

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Berkshire Hathaway Takes Control of Maryland LNG Plant in $3.3B Deal

Warren Buffet halfway is buying a larger stake in a liquefied natural gas facility in Maryland. Continuing a strategy of doubling down on fossil fuels. While the company is already the largest shareholder in Chevron and owns 25% occidental petroleum. The $3.3 billion deal makes Berkshire halfway a majority shareholder in the Cove Point plant, one of just seven us facilities able to export liquefied natural gas amid a rise in demand due to the Russia Ukraine War.