Climate risk is financial risk. Berkshire Hathaway’s shareholder meeting is on May 6th. We’re calling on them to live up to their reputation and stop polluting our planet before it’s too late.
Warren Buffett, chair and CEO of Berkshire Hathaway, is often called one of the smartest investors of all time. But his company’s failure to plan ahead for economic disruption caused by climate change is a horrible financial risk for their shareholders. Just last year, Berkshire Hathaway’s $2.69 billion third-quarter loss was attributed in part to Hurricane Ian, which scientists say was worsened by human-caused climate change.
Their choice to double-down on fossil fuels means their financial decisions continue to poison and pollute communities. Their utilities—MidAmerican Energy, Rocky Mountain Power, Pacific Power, and NV energy, to name a few—are some of the top coal burners in the country.