A week after 9/11, New York Governor George Pataki and New York City Mayor Rudy Giuliani approached Meg Whitman, the CEO of eBay at the time, for suggestions on how to raise money for victims of the attacks. Putting in intense weekend hours, eBay staffers created Auction for America—a website that allowed eBay users to earmark auction items to benefit 9/11 victims. In short order, the site raised $10 million.
When it comes to addressing climate change impacts to Berkshire Hathaway’s insurance business, Warren Buffett paints a somewhat misleading picture that minimizes the business risks posed by a demonstrably changing climate. In doing so, Buffett begs serious questions about his company’s planning for climate impacts and undermines confidence in the insurance division’s climate resilience.