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Buffett Handing Complicated Climate Legacy to Berkshire Energy Head

Bloomberg.com · last updated

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.