From Joe Smith of the Energy and Policy Institute (a group that advocates in favor of more renewable energy):
“The Berkshire Hathaway’s board of directors is opposing a proposal from major shareholder groups that the company publish an annual report disclosing the climate risks it faces, even as the company’s energy subsidiaries remain heavily invested in fossil fuels and have been impacted by extreme weather events.
“The company’s resistance to disclosing climate risks to investors comes as financial regulators move to strengthen corporate climate risk disclosure rules, and the Biden administration is expected to announce an executive order on climate related financial risk.”
Warren Buffett by Fortune Live Media is licensed under CC BY-NC-ND 2.0.