From Nebraskans for Peace:
In the wake of the international publicity the Nebraska Peace Foundation — the 501(c)(3) arm of Nebraskans for Peace — generated with its shareholder resolution at the 2016 Berkshire Hathaway Shareholder Meeting on April 30th, the foundation has submitted a follow-up resolution for consideration at the forthcoming May 6, 2017 meeting in Omaha.
Earlier this year, in both the 2015 Annual Shareholder Letter and his remarks at the 2016 Berkshire Hathaway Annual Meeting of Shareholders itself, Warren Buffett did the world and the financial community a great service by acknowledging both the reality and the threat of climate change. In fact, he did so not just once, or in passing — he made this message an explicit focus.
In follow-up, a shareholder proposal has been formally submitted for a vote at the 2017 Annual Shareholders Meeting. In it, the Nebraska Peace Foundation asks Mr. Buffett to extend his public and corporate leadership by committing to divest Berkshire Hathaway of its fossil fuel holdings over a 12-year period.
Such a commitment would not endanger Berkshire Hathaway’s near-term profitability; instead, it would send a timely and urgently needed message to the international community that — to avoid the worst effects of climate disruption — the world must earnestly undertake a shift toward renewable energy sources.