Just in time for Woodstock, the Times again has a critical article - this time on Buffett’s recalcitrance regarding climate reporting.
https://www.nytimes.com/2022/04/25/business/energy-environme…
While I don’t support a corporate-level effort (no more corporate bloat in Omaha!!), perhaps the larger subs should show some initiative here?
“perhaps the larger subs should show some initiative here?”
The larger subs already have.
“Through year-end 2021, Berkshire Hathaway Energy had invested approximately $6.7 billion in solar projects, two of which are among the largest projects in the U.S.”
"Railroads are the most environmentally preferred mode of surface transportation, and BNSF is a leader in the rail industry for the protection of our air, land and water.
Rail carries one-third of our nation’s freight, and what we transport touches individuals in all walks of life. We do this while reducing emissions, saving fuel and relieving highway congestion."
https://www.bnsf.com/in-the-community/environment/index.page…
The New York Times (and their reader base) aren’t really interested in saving the environment.
They’re interested in corporate control and spreading their self righteous, unenlightened poison. They want to implement a “process” from the outside. These people have zero interest in Berkshire Hathaway, its employees or shareholders.
Buffett is doing his best by keeping them out - reduced share count - A shares voting - shareholder friendly board.
I notice Andrew Ross Sorkin is no longer asking questions at the AM. A good thing as far as I’m concerned.
I recall a Buffett quote on the climate change critique, that “They must not have seen our annual reports”.
“ I notice Andrew Ross Sorkin is no longer asking questions at the AM. A good thing as far as I’m concerned.”
Agreed. A virtue signaler for sure. Intelligent but Becky Quick does a great job
Agree; Betty does a fine job. Sorkin brings in questions from the peanut gallery. Most of the six questions he got to ask are wasted. I felt that his questions represent the Street and not long term shareholders. Same with Gregg Warren/ Morningstar. I don’t know what interests he represents but it’s also not the shareholders.
Someone like Tom Russo would be awesome to have on the stage.
A different kind of NYT article - interview with scientist Vaclav Smil
https://www.nytimes.com/interactive/2022/04/25/magazine/vacl…
The “really” in the title of Vaclav Smil’s newest book, “How the World Really Works: The Science Behind How We Got Here and Where We’re Going,” is doing some heavy lifting. Implicit in the renowned energy scientist’s usage is the idea that most of us are uninformed or just plain wrong about the fundamentals of the global economy. He aims to correct that — to recenter materials rather than electronic flows of data as the bedrock of modern life — largely through examining what he calls the four pillars of modern civilization: cement, steel, plastics and ammonia. (The production and use of all four currently requires burning huge amounts of fossil carbon.)
We don’t need pushing to the sides. What we need is the dull, factually correct and accurate middle. Because only from that middle will come the solutions. Solutions never come from extremes.