03 May '11, 9pm

AP: Buffett "doesn't believe greenhouse gases represent a material risk for Berkshire's insurance operations"

At the company’s annual meeting on Saturday several people spoke in favor of the measure, saying Warren Buffett’s company could be hurt financially by potential liabilities associated with carbon emissions. Berkshire owns several utilities through its MidAmerican Energy Holdings subsidiary. Investment manager Bruce Herbert of Newground Social Investment says investors should be concerned. Buffett and Berkshire’s board, which collectively controls 38 percent of the voting power, opposed the measure, so it was overwhelmingly rejected. Buffett says he doesn’t believe greenhouse gases represent a material risk for Berkshire’s insurance operations. And Berkshire’s major utilities are governed by state regulators who might object to changing sources of electricity, he said.

Full article: http://climateprogress.org/2011/05/03/buffett-greenhouse-...

Tweets

Warren Buffett doesn’t believe CO2 is a real risk for his company:

Warren Buffett doesn’t believe CO2 is a real ri...

grist.org 05 May '11, 12am

The wise man responsible for all those Geico ads may not be so wise when it comes to climate issues. Photo: Javier Billion...

Green doesn’t sell to mouth-breathing Americans...

grist.org 04 May '11, 5pm

GE is making billions of dollars selling the world wind turbines and energy-efficient technology, so it's a little surpris...