Berkshire shareholders reject emissions goals

Berkshire Hathaway shareholders reject proposal requiring its utilities to set emissions goals

Associated Press

OMAHA, Neb. (AP) -- Berkshire Hathaway shareholders have again rejected a proposal to require the company's utilities to set goals for reducing greenhouse gas emissions.

Berkshire owns several utilities through its MidAmerican Energy Holdings subsidiary.

Backers of the measure urged Berkshire officials to take a leading role in reducing utility dependence on coal.

Berkshire CEO Warren Buffett and the board oppose the idea of setting goals for reducing greenhouse gas emissions because it remains unclear how those emissions will be regulated.

Buffett and the board controls 39 percent of the voting power.

The proposal gained only 57,569 votes. Berkshire said 598,162 votes were cast against the measure.

Shareholders rejected a similar measure in 2011.

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