A former NASA climate scientist will go toe-to-toe with business tycoon Warren Buffett this weekend over a shareholder's climate change resolution slated for a vote at Berkshire Hathaway's annual meeting in Omaha.We hope Warren doesn't offend anyone's religion.
Buffett, who is chairman of the multi-billion dollar holding company, advised shareholders in February not to vote for the resolution because it makes little business sense. The resolution would direct Berkshire to conduct an assessment of how climate change is affecting the company's sizable insurance business.
The Nebraska Peace Foundation, a philanthropic group that owns one share of Class A common stock in the company worth more than $200,000, introduced the proposal earlier this year. The foundation supports social activism to combat climate change, nuclear weapons and racism.
Most of the company's board of directors are favoring a no vote on the resolution. To sway them to go in the opposite direction, the peace foundation has convinced James Hansen, a former NASA climate scientist who is known for his work on climate change, to address the shareholder meeting.
Thursday, April 28, 2016
Warren Buffett Says No to Cllimate Change Hysteria
The Washington Examiner reports: