Liberal billionaire Warren Buffett completely demolished the arguments put forward by some Berkshire Hathaway shareholders for the company to “report on the dangers” global warming poses to the insurance industry.Even Warren has to remind the religious fanatics about facts know and then.
Scientists and politicians frequently warn global warming will cause more frequent and powerful “extreme weather” events, like hurricanes and snowstorms, in the coming years as more carbon dioxide is emitted into the atmosphere. This would mean higher insurance premiums for millions of Americans.
It’s just not the case, according to Buffett.
“Up to now, climate change has not produced more frequent nor more costly hurricanes nor other weather-related events covered by insurance,” Buffett wrote in his annual letter to Berkshire Hathaway shareholders.
Monday, February 29, 2016
Warren Buffett, Once Again, Debunks Worries Of Global Warming-Driven ‘Extreme Weather’
The Daily Caller reports: