Warren Buffett, long under pressure from activists to detail how climate change affects his businesses, used part of his annual letter to shareholders to highlight how wind power generated by a Berkshire Hathaway Inc. utility shows the company is reducing its reliance on fossil fuels.
At 90, he wants to keep preaching and acquiring. But he’s preparing Berkshire Hathaway shareholders for the day he won’t be there.
Warren Buffett, who’s served as a director at 21 publicly traded companies over the years, said that too many companies add board members who won’t challenge a chief executive officer’s decisions.
Warren Buffett has built a sprawling $560 billion conglomerate with footholds in insurance, energy and railroads. Berkshire Hathaway Inc.’s reach is so wide, in fact, that its businesses sometimes bump into each other.
Saudi Arabia plans to invest 412 billion riyals ($110 billion) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency.
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