Billions of Oracle of Ohama comes with an environmental price

According to the estimates of Bloomberg, the Conglomerate of Warren Buffett (Berkshire Hathaway) is responsible for the third biggest Greenhouse gas emissions.

The conglomerate was, directly and indirectly, responsible for 189 million tonnes of greenhouse gas emissions in 2018.
The emissions are equivalent to the consumption of 21 billion gallons of gasoline, or 24 trillion smartphones being charged.
The credit goes to its utility division, Berkshire Hathaway Energy.

Mere 20 fossil fuel companies can be linked to more than one-third of all greenhouse gas emissions in the modern era.

The carbon economy is, visibly or invisibly, embedded everywhere in our daily lives.
“There’s not a single sector that I can think of that is not going to be impacted in some way or another,” says Bruno Sarda, president of CDP North America.

The Koch family, whose industrial empire includes oil refineries and chemicals companies, made the biggest fortune through energy companies with the net worth of $150 billion—up $75 billion in the past eight years.

In the last annual meeting, Buffett highlighted that his utility was moving toward a 100% renewable future in Iowa, one of its biggest markets.

Source : Bloomberg Green