Warren Buffett on Oil and Gas
Warren Buffett still buys oil and gas companies. His rationale, as he explains here by means of a comparison, is that he owns positions in Walmart, even though they sell cigarettes. In other words, he laughs off the moral aspect of investing, as so many billionaires do with such incredible panache.
Anyone who is empowering the fossil fuel industry in its resistance to decarbonize our energy and transportation sectors is either a) ignorant of the issues or b) indifferent to the quality of life that this planet can support, making him a total ass****.
Buffett doesn’t strike me as ignorant.
Warren Buffett, with his folksy output — is as close-minded about climate change as any other major investor / stock owner — it’s all about the money — full stop.
And because they exist to make money — they are impervious to anything ” positive or negative” that is caused by their actions