ESG & Investing
Buffett Handing Complicated Climate Legacy to Berkshire Energy Head
Berkshire Hathaway is at once a renewables powerhouse and a big investor in fossil fuels.
Warren Buffett in 2019.
Photographer: Johannes Eisele/AFP/Getty Images
Warren Buffett will exit the CEO chair at Berkshire Hathaway Inc. later this year with a complicated climate legacy.
The Omaha-based investor runs a conglomerate that is a clean energy heavyweight, with wind and solar assets across the US, and he has written that climate change is “highly likely” a “problem for the planet.” Yet Berkshire is also a major investor in oil, gas and coal — a position poised to endure well after the 94-year-old retires.