05 May '11, 12am

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

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

The wise man responsible for all those Geico ads may not be so wise when it comes to climate issues. Photo: Javier Billionaire investor Warren Buffett appears seriously confused about the risks posed by greenhouse gases. Two years ago, the sage of Omaha wrote, "Doubling the carbon dioxide we belch into the atmosphere may far more than double the subsequent problems for society." Duh. But now the AP reports : Berkshire Hathaway shareholders rejected a measure that would have required the company's utilities to set goals for reducing greenhouse-gas emissions. 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 Her...

Full article: http://www.grist.org/business-technology/2011-05-04-warre...

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