Buffett's firm facing pressure to sell fossil fuel stocksOMAHA, Nebraska -- A group of environmentalists is proposing that Warren Buffett's company sell off its investments in Phillips 66 and other companies tied to fossil fuels over 12 years. Nebraskans for Peace said Thursday it had submitted a formal proposal for Berkshire Hathaway Inc. shareholders to consider next spring. His opinion of the idea will be important because he controls nearly one-third of Berkshire's voting stock. The proposal would apply only to Berkshire's stock investments, such as its nearly 81 million shares of Phillips 66 stock. "It would be great if Berkshire shareholders would step up and divest of its fossil fuel investments."

Source: The China Post December 02, 2016 18:16 UTC