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Addressee Profile: Warren Buffett

Posted on

at the Fortune Most Powerful Women Summit in Laguna Niguel, CA.

Warren Buffett is an American business magnate, investor, and philanthropist. Buffett is the primary shareholder, chairman and CEO of Berkshire Hathaway. He made our list by being the fourth wealthiest person on Earth.

Positive Moves

  • Buffett appears to believe climate change is real. [source]

  • Berkshire Hathaway has invested extensively in solar power, wind energy and the Chinese electric car and solar company BYD. [source]

  • MidAmerican Energy Holdings Company, a Berkshire Hathaway subsidiary, owns several solar, wind, geothermal and hydroelectric power plants. [source]

Why it’s not enough

  • BNSF Railway, a Berkshire Hathaway wholly owned subsidiary, lobbies for expanded coal use nationally and internationally. The company supports American Coalition for Clean Coal Electricity which fights EPA efforts to regulate pollution. [source]

  • Berkshire Hathaway is one of the very few big US companies that has not reported on its greenhouse gas emissions to the Carbon Disclosure Project. [source]

  • Despite its renewable holdings, MidAmerican Energy was the sixth largest emitter of carbon dioxide in 2011. [source]

  • In 2011 and again in 2013, at Buffett’s urging, Berkshire Hathaway’s owners rejected a proposal from activist shareholders that would have required the company’s utilities to set goals for reducing their greenhouse gas emissions. [source]

Warren Buffett on Wikipedia | Berkshire Hathaway on Wikipedia

 

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