The solid waste industry has once again caught the eye of a billionaire.
It was recently reported that Warren Buffet´s Berkshire Hathaway Inc. purchased 3.625 million shares of Republic Services Inc., according to the U.S. Securities and Exchange Commission.
Buffet joins billionaire Bill Gates as an investor in the solid waste management company. Gates has been a long-time shareholder through his private investment firm Cascade Investment LLC and the Bill & Melinda Gates Foundation.
It is encouraging to see these successful businessmen buying into the solid waste industry. Solid waste continues to be an industry that has predictable results, and these businessmen see the potential for growth during this tough economic time.
Although Buffet and Gates´ motives may be motivated by money, this move should serve as an example to government and other businesses that it is important to make an investment in the environment. It is a lucrative business and one that is important to the future of this planet.
The real estate industry can benefit from the Green movement. All of this activate takes usable space for the post-consumer operation of the collection and the recycling process. The land and buildings necessary for this type of operation will tend to require us to think outside of the box.
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