Climate warning
Image of Warren Buffett

Warren Buffett

Climate warning

Investing heavily in expansive oil companies

Warren Buffet, CEO of Berkshire Hathaway and arguably the world’s most well-known and influential investor, continues to invest heavily in destructive and expansive oil companies.
The 93-year-old billionaire recently invested an additional $246 million in Occidental Petroleum (OXY), one of the largest oil producers in the United States. Berkshire Hathaway now holds a 28% stake in the Houston-based oil company, making it one of Berkshire’s top holdings.
Occidential Petroleum has recently made big investments to be able to scale its oil drilling operations– which is exactly what science tells us oil companies MUST STOP DOING!
Mr Buffet is also a big investor in Chevron, another of the world's major polluters.
It should be noted that Warren Buffet also donates millions of dollars to charity, and is a big investor in renewables. But that doesn't take away the fact that Occidental Petroleum is one of his company's majors investments. Warren Buffets keeps buying shares in the company, and his stocks in the oil company is currently valued to $14 billion.
Just imagine if Mr. Buffet had decided to invest all those money in clean energy instead. What a positive impact it could have had – and how he could have influenced other investors to do the same.
But no. Warren Buffet ignores the science – as well the future well-being of his fellow Americans – and continues to support fossil fuels.
For this, he deserves a big Climate Warming! ⚠️ Learn more:
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-02-06-2024/card/warren-buffett-s-berkshire-hathaway-boosts-occidental-petroleum-stake-pxVwH2hlFkooavIyDT1I


Warren Buffet, one of the world´s richest men, continues to invest heavily in the major cause of the climate crisis.
Warren Buffet, one of the world´s richest men, continues to invest heavily in the major cause of the climate crisis.



Do you agree?

125 more agrees trigger scaled up advertising

  • Zsófia Sárkány

    8 w

    Sounds like greenwashing to me. Why else invest in renewable energy, if you will support its 'enemy energy source', not renewable anyway?

    2
    • Ulla Wennermark

      8 w

      On top of the huge investments in oil companies, Berkshire Hathaway has Bank of America as one of its largest investments. Bank of America is one of the three banks in the US with the largest emissions of CO2, cf. https://www.statista.com/chart/31366/total-carbon-dioxide-emissions-of-the-largest-banks-worldwide/. Warren Buffet should focus on good initiatives for the humanity with his money instead of continuing promoting the oil industry, earning blood money. With his wealth and reputation Warren Buffet could really make a difference...

      2
      • Tabitha Kimani

        9 w

        He should stop for a while and think about the complexity of climate change and effects. He should mind the future generations.

        3
        • Carl Bärstad

          9 w

          Very sad to see indeed! :/

          2
          • Johannes Luiga

            9 w

            Very sad

            2
            • We Don't Have Time

              9 w

              Dear Markus Lutteman Your climate warning has received over 50 agrees! We have reached out to Warren Buffett by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

              2
              • Sarah Chabane

                9 w

                Time for Warren buffet to wake up, doesn't he have grand (grand?) children to care about?

                5
                • George Kariuki

                  9 w

                  This is very disappointing. People of this caliber should lead by example.

                  7
                  • Joseph Githinji

                    9 w

                    This is insensitive, investors should sought to invest in clean energy production which is also beneficial and profitable for their businesses.

                    6
                    • Gorffly mokua

                      9 w

                      If such influential investors continue investing in fossil fuels then, our every effort will be jeopardized!!

                      6
                      • Felix mokaya

                        9 w

                        This is bad news !Warren Buffet should know that we are past the use of fossil fuel which is a great threat to the environment

                        15
                        • Gorffly mokua

                          9 w

                          @felix_mokaya Unfortunately, he seems not to care!!

                          5
                        • winnie nguru

                          9 w

                          This is wrong. For everyone and the environment .I believe he can choose to invest in renewable energy and succeed

                          8
                          • Jane Wangui

                            9 w

                            @winnie_nguru He is dragging us behind. Investment in fossil fuels should stop by now.

                            6
                          • Princess

                            9 w

                            It's time for leaders in finance to prioritize investments that align with the wellbeing of both people and the planet.

                            15
                            • Felix mokaya

                              9 w

                              @princess_nel_268 True ,he should know that the whole world is now investing in renewable energy

                              7
                              • Gorffly mokua

                                9 w

                                @princess_nel_268 We would a great milestone be ahead if all leaders embraced this! 💚✔

                                5
                              • winnie nguru

                                9 w

                                So sad. He can do better. For the people and the planet

                                7
                                Welcome, let's solve the climate crisis together
                                Post youtube preview with preloading
                                youtube overlay

                                Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.

                                Write a climate review

                                Voice your opinion on how businesses and organizations impact the climate.
                                0 trees planted

                                One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

                                Download the app

                                We plant a tree for every new user.

                                AppleAndroid