Gates, Buffet to invest in massive climate change? 8

Apparently two of the richest men in the world, Warren Buffet and Bill Gates, recently went up to visit the Alberta oil sands. Just based on their interest, oil sands stock jumped over 5 percent.

Please, please tell me these guys, who are so active in good causes, are not seriously considering investing in oil sands. This just goes to show that greens have a long way to go to give oil sands the social stigma they deserve. These stocks ought to be radioactive.

David Roberts is staff writer for Grist. You can follow his Twitter feed at twitter.com/drgrist.

Advertisement
Advertisement
  1. sindark's avatar

    sindark Posted 7:09 am
    21 Aug 2008

    AlasThis is especially disappointing, given how much they have both done to aid charitable causes.
    It is a bit crazy to give billions of dollars to help treat AIDS, malaria, and tuberculosis in the developing world, then support the expansion of fuels that especially threaten people in less developed states.

    a sibilant intake of breath
  2. GreyFlcn Posted 9:25 am
    21 Aug 2008

    A charthttp://greyfalcon.net/tarsands.png

    -David Ahlport
  3. LGT Posted 9:41 am
    21 Aug 2008

    Pathological disconnectWarren Buffet: "If the world were falling apart I'd still invest in companies"
    http://msrb.wordpress.com/2008/05/25/if-the-world-were-fa ...
    http://rtsf.wordpress.com/2008/05/25/buffett-the-poor/
  4. katakanadian Posted 10:36 pm
    21 Aug 2008

    It's not "neat" ...... it's deadly.
    I was just in Fort Chipewyan, Alberta last week attending the Keepers of the Water conference on how the  the water, wildlife, and aboriginal communities are being harmed downstream from Canada's great environmental crime scene, the tar sands (the linked article is particularly good). I had seen pictures of the tar sands before but it's so much more shocking to be there.
    I think everyone should protest loudly to these two short-sighted leaders.
  5. katakanadian Posted 10:43 pm
    21 Aug 2008

    Forgot the linkI was there with the Sierra Youth Coalition's Return to the Tar Sands trip.
  6. sindark's avatar

    sindark Posted 4:43 am
    22 Aug 2008

    Oil sands reportBack in January, the Pembina Institute and the World Wildlife Fund of Canada released a report out on the oil sands.
    Depressingly, the report highlights that a currently proposed project has even worse standards than existing facilities. In order to mitigate the trend, three recommendations are made to government along with two to industry. The governmental suggestions are:


    Government needs to enforce acceptable standards of environmental performance and continuously improve regulations to reflect continuous improvement in companies' abilities to reduce environmental impacts.
    Government needs to report on environmental impacts to public lands.
    Government must request segregated information to enable comparison of environmental performance.


    The industry recommendations are:


    Companies need to implement best available practices and focus on developing and implementing new technologies and processes that lead to step-wise reductions in environmental impacts.
    Companies should make project specific oil sands environmental performance information more widely available and in a consistent format.


    More information on the report is online.

    a sibilant intake of breath
  7. stevenearlsalmony Posted 11:05 am
    24 Aug 2008

    Dear Bill Gates, Warren Buffett and ...............David Roberts,
    Could at least one of the causes of life and the Earth, as we know them, "going to hell in a handbasket" be that the all-too-human global political economy is constructed as a perpetual motion machine and operated as a colossal pyramid scheme?
    Steven Earl Salmony

    AWAREness Campaign on The Human Population, established 2001

    http://sustainabilitysoutheast.org/index.php
  8. amazingdrx Posted 1:31 pm
    24 Aug 2008

    Maybe BuffetIs showing Gates what an unholy mess it is?  We can hope.  Buffet has been dissing coal and boosting wind lately.

    http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin

Add a Comment

You are not logged in. Thus, you cannot post a comment. If you have an account, log in. If you don't have an account, well, by all means go make one! Meet you back here in five.

Hello, Visitor!    Why not register?

Advertisement