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Warren Buffett Buys More Than $500 Million in Climate-Killing Stocks!

 
Truthserim
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User ID: 45332093
New Zealand
08/20/2013 06:12 PM

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Warren Buffett Buys More Than $500 Million in Climate-Killing Stocks!
[link to ecowatch.com]

That’s because he just bought more than half a billion bucks worth of Suncor Energy stock: $524 million in the second quarter of 2013, to be precise, according to Securities and Exchange Commission filings. Suncor is a major producer and marketer of tar sands via its wholly owned subsidary Petro-Canada—formerly Sunoco—and this latest development follows a trend of Buffett enriching himself through dirty investments and deal-making.
So far in 2013, Suncor—formerly Sun Oil Company—has produced 328,000 barrels per day of tar sands crude.
Though he receives far less negative press than the Koch Brothers, Buffett’s no deep green ecologist. Not in the slightest.
Telling it like it is since 2013
Truthserim (OP)

User ID: 45332093
New Zealand
08/20/2013 06:15 PM

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Re: Warren Buffett Buys More Than $500 Million in Climate-Killing Stocks!
To me this just means we don't have any new energy sources on the cards for many more years yet!
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Anonymous Coward
User ID: 44442100
Canada
08/20/2013 06:21 PM
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Re: Warren Buffett Buys More Than $500 Million in Climate-Killing Stocks!
Tar sands are very very very polluting and wasting a shitload of water... it's the bottom of the barrel of oil production.


Truthserim (OP)

User ID: 45332093
New Zealand
08/20/2013 06:23 PM

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Re: Warren Buffett Buys More Than $500 Million in Climate-Killing Stocks!
Tar sands are very very very polluting and wasting a shitload of water... it's the bottom of the barrel of oil production.



 Quoting: Anonymous Coward 44442100


But profitable and thats all he cares about...
Telling it like it is since 2013

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