CORRECT: Buffett's Burlington Bid A Bet On Coal's Continued Role

Nov 3rd, 2009 - Wall Street Journal

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("Buffett's Burlington Bid a Bet on Coal's Continued Role, published at 4:58 p.m. EST, misstated the recipients of a note from Clean Air Watch. A corrected version follows.)

WASHINGTON (Dow Jones)--The Oracle of Omaha sees a future in coal--especially from the Western U.S.--despite the political forces opposing the fuel.

Billionaire investor Warren Buffett on Tuesday billed his plans to buy the 77% of railroad operator Burlington Northern Santa Fe Corp. (BNI) he doesn't already own as an "all-in wager on the future of the United States." But as much as anything, the offer amounts to a bet on the near-term ...

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