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Warren Buffett invests in oil sands producer Suncor

2013-08-15 12:47:00| Climate Ark Climate Change & Global Warming Newsfeed

CNN: Warren Buffett just injected himself into one of the hottest environmental debates in the country. On Thursday Buffett's Berkshire Hathaway (BRKA, Fortune 500) announced through a regulatory filing with the Securities and Exchange Commission that it bought $524 million worth of Suncor stock last quarter. Suncor (SU) is a Canadian oil company that derives most of its current oil production -- and future expansion plans -- from Alberta's oil sands. Preventing oil sands expansion is the main...

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