Buffett Gives Successor Abel Rare Page Space for Sustainability
- Abel details energy business, railroad’s environmental efforts
- Energy unit has long been “climate-conscious,” Buffett says
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Warren Buffett built a rare excerpt into his much-awaited annual letter: A note from Greg Abel, his successor-in-chief at Berkshire Hathaway Inc.
Abel, who was publicly identified as the successor to America’s most renowned investor for the first time last year, was tasked in Berkshire’s annual report Saturday with giving a breakdown of the firm’s sustainability endeavors -- a sign of the topic’s rising importance to the conglomerate and its shareholders.