Why Warren Buffett Doesn't Think Climate Change Is His Problem

The Nebraska Peace Foundation is an organization in Lincoln that fights against climate change, racism, and nuclear weapons. It also owns one share of Berkshire-Hathaway Class A Common Stock. Recently, the group says it filed a shareholder resolution that would make the company’s insurance division report on how it addresses climate change risk.

Warren Buffett responded in his annual letter, which was released over the past weekend. (The company didn't immediately comment on NPF taking credit for raising the issue.) Buffett's eight-paragraph, almost 600-word position statement simultaneously achieved two things: It provided a simple and direct explanation of the dangers of climate change. It also showed how difficult it is for business and government to tackle the problem.