Friday, July 21, 2017 12:33:08 PM
"Berkshire Hathaway did not respond to requests for comment for this article, but in February Buffett addressed the climate risk resolution in a letter to shareholders. "It seems highly likely to me that climate change poses a major problem for the planet," Buffett wrote, but not a problem for profits. He closed by saying: "As a citizen, you may understandably find climate change keeping you up nights. As a homeowner in a low-lying area, you may wish to consider moving. But when you are thinking only as a shareholder of a major insurer, climate change should not be on your list of worries."
"Through its holdings, Berkshire Hathaway also has about $6.7 billion invested in fossil fuel companies, including the oil refiner Phillips 66 and the Canadian tar sands operator Suncor Energy, Inc. His company's rail giant, BNSF, drew $4.6 billion in revenue from hauling coal last year."
https://insideclimatenews.org/news/25042016/warren-buffett-berkshire-hathaway-climate-change-renewable-energy-solar-fossil-fuels-coal-bnsf
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