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May 17, 2008 1:59:33 AM CDT

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Buffett Holdings Tie Gates To Darfur Crisis  

Posted May 4, 07 1:57 PM CDT in World,  Business,  Features    Editor's Choice

(newser) – A Berkshire Hathaway investment in a Sudanese oil company is posing thorny problems for the Gates Foundation, the Los Angeles Times reports. Warren Buffet's investment outfit is the largest independent shareholder in PetroChina, whose parent company the U.N. and U.S. say funds Sudan's janjaweed militia—a stark contrast to the foundation's mission.

Buffett's $31 billion gift last year has drawn him into the controversy over how the Gates Foundation—which itself has smaller stakes in several Sudan-based oil firms—invests the money it later donates. The situation has increased attention on "St. Warren," long seen as a moral leader in the investment industry; he is also a trustee of the Gates Foundation.

Source Los Angeles Times

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Buffett Holdings Tie Gates To Darfur Crisis
Investor Warren Buffett plays bridge with shareholders May 7, 2006, during the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett usually attracts most of the spotlight when the holding...   (Associated Press)
Buffett Holdings Tie Gates To Darfur Crisis
The convoy of United Nations High Commissioner for Refugees Antonio Guterres, unseen, pass by a Sudanese man riding a camel after visiting the Um Shalaya refugee camp south of the Darfur town of Al-Geneina,...   (Associated Press)
Buffett Holdings Tie Gates To Darfur Crisis
ose Suzuki)   (Associated Press)
Buffett Holdings Tie Gates To Darfur Crisis
Berkshire Hathaway Company Holds 2003 Annual Shareholders Meeting   (Getty Images)
Buffett Holdings Tie Gates To Darfur Crisis
Warren Buffett To Give Most Of His Fortune To Gates Charity   (Getty Images)
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oil  • Sudan  • money  • Darfur  • Warren Buffett  • investing  • Bill and Melinda Gates Foundation  • PetroChina  • janjaweed


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