Monday, February 29, 2016

Warren Buffett Says Climate Change No Risk To Berkshire Hathaway


By Stephen Foley, Feb 27, 2016 Financial Times

Warren Buffett has dismissed the possibility that climate change could prove a big risk to Berkshire Hathaway’s insurance business, in a combative annual letter to shareholders.

In the letter, released on Saturday, Mr Buffett took on a dissident shareholder who plans to raise global warming at Berkshire’s annual meeting next month, as well as critics of the company’s Clayton Homes mobile homes subsidiary and politicians who paint a gloomy picture of the US economy.

Its passage on climate change sets the stage for a showdown at the annual meeting over whether Berkshire should file a formal report on the risks posed to its business. A proposal to that effect has been filed by the Nebraska Peace Foundation, which owns a single Berkshire share.


Read More: http://www.ft.com

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