Posted on 09/17/2019 10:34:15 PM PDT by george76
last year Buffett donated $169 million to the NoVo Foundation, a charity run by his youngest son, Peter, and Peter’s wife, Jennifer.
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Some of the foundation’s resources are directed towards radical activism that clearly benefits Buffett’s bottom line.
In fact, money Buffett donated to the NoVo Foundation has been used to attack companies that compete with Berkshire Hathaway's subsidiaries and holdings.
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In 2017, NoVo donated $3.5 million to the “Clean Clothes Campaign” managed by the liberal Tides Foundation..
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Why would the NoVo Foundation fund a series of crusades focused on ferociously targeting Walmart and Sam’s Club? It may have something to do with the fact that Berkshire Hathaway owns more than $1.7 billion worth of Costco stock and $858 million in Amazon shares.
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The Dakota Access Pipeline, which recently began carrying oil from the Bakken oil field in North Dakota to a refinery in Illinois, was threatened and delayed by a series of professional and well-funded protests. Much of the anti-Dakota Access Pipeline activities were part of a campaign orchestrated by 350.org, an extremist organization that receives major funding from the Tides Foundation – which gets a large portion of its financial support from Buffett’s NoVo Foundation.
It appears NoVo’s interest in blocking the construction of the pipeline had more to do with protecting Berkshire Hathaway’s railroad interests than protecting the environment. Berkshire Hathaway owns Burlington Northern and Santa Fe Railway, a railroad with existing infrastructure capable of delivering oil and natural gas from North Dakota to oil terminals in the Midwest.
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Berkshire Hathaway would have been positioned to make hundreds of millions of dollars transporting the oil – even though shipping oil by rail is much more dangerous for the environment than moving it via pipeline.
(Excerpt) Read more at pjmedia.com ...
Buffett is a snake.
He says he’ll donate all his wealth to charity. What he doesn’t say is those charities are controlled by his children.
He says the government should raise your taxes. What he doesn’t say is his company Berkshire avoids taxes because it’s an insurance company.
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The Dakota Access Pipeline, which recently began carrying oil from the Bakken oil field in North Dakota to a refinery in Illinois, was threatened and delayed by a series of professional and well-funded protests. Much of the anti-Dakota Access Pipeline activities were part of a campaign orchestrated by 350.org, an extremist organization that receives major funding from the Tides Foundation – which gets a large portion of its financial support from Buffett’s NoVo Foundation. It appears NoVo’s interest in blocking the construction of the pipeline had more to do with protecting Berkshire Hathaway’s railroad interests than protecting the environment. Berkshire Hathaway owns Burlington Northern and Santa Fe Railway, a railroad with existing infrastructure capable of delivering oil and natural gas from North Dakota to oil terminals in the Midwest.
Thanks george76.
WUT? A rich guy looking out for their own self interests?
Yeah, like Soros does.
Buffet is a Sorros
Sorros does the same in africa. All his non profits there take over mines through activism
Or Bill Gates with his witch wife sponsoring with Sorros Greta.
Many of the tech billionaires are birds of a feather.
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