Investments like these push us further down the road toward catastrophic warming, of course—and Buffett is poised to be one of the biggest winners there too. That’s because he is a major player in the reinsurance business, the part of the insurance sector that stands to profit most from climate disruption. As Eli Lehrer, the insurance industry advocate who defected from the Heartland Institute after its controversial billboard campaign, explains, “A large reinsurer like Warren Buffett’s Berkshire Hathaway might simultaneously underwrite the risk of an industrial accident in Japan, a flood in
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