Mar 13, 2021 · Billionaire Warren Buffett. Introduction. In recent claims, Warren Buffet was said to have donated $58 million to Joe Biden’s campaign in order to sway the President in canceling the Keystone XL ...
Feb 02, 2021 · Warren Buffett donated 58 million to Biden campaign. Warren Buffett would lose billions in transport fees if the pipeline is completed. See how politics works?
Jan 28, 2021 · But the post’s main thesis, that the Berkshire Hathaway CEO was a major donor to Biden’s campaign, is not true. “Warren Buffet owns the railroad that is now transporting all that oil. Warren Buffet donated 58 million to Biden campaign. Warren Buffet would lose billions in transport fees if the pipeline is completed.
Jan 07, 2021 · The following were the top donors to the Biden 2020 campaign (2020 election cycle) according to processed Federal Election Commission data.***. 1. Donald Sussman, Paloma Partners - $9 Million.
Days after U.S. President Joe Biden cancelled construction plans for the Keystone XL Pipeline - meant to carry oil from Canada’s Alberta province to Nebraska - posts on social media alleged this move was due to Warren Buffett’s extensive political donations to Biden’s campaign. They claim that railways owned by Buffett now stand to benefit ...
The BNSF is one of the largest freight railroad networks in North America, with “a rail network of 32,500 route miles in 28 states and three Canadian provinces" ( here ). Its trains carry energy (such as oil and coal), agricultural and consumer products.
By “Keystone pipeline”, the posts are referring to the Keystone XL Pipeline, a project cancelled by Biden on his first day in office on Jan. 21, 2021, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil-sands crude from Alberta to Nebraska. Environmental activists ...
In short, rail infrastructures cannot compete with existing pipelines to transport oil at the rate the United States does. A historic look (1982-2018) at the transportation prevalence of pipelines, marine vessels, rail and truck for oil transport is visible here .
Warren Buffett did not donate $58 million to Joe Biden’s 2020 campaign. Most of the oil that would have been transported by the now-cancelled Keystone XL Pipeline will likely use existing and new pipeline infrastructure, not railways. This article was produced by the Reuters Fact Check team.
THE FACTS: On Biden’s first day in office, he halted construction of the Keystone XL pipeline. The 1,700-mile pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast. ADVERTISEMENT.
It is true that Buffett’s company, Berkshire Hathaway, owns BNSF Railway, a freight railroad network that transports crude oil. While analysts over the years have suggested that the Keystone XL pipeline would take business from BNSF, Buffett voiced his support for the project in a CNBC television appearance in 2014.
Amount donated in 2019-2020: $632,360. Donated to: Biden Victory Fund. Insights: In addition to being the CEO, Jeff Lawson is the co-founder of cloud communications platform Twilio, which adds video, messaging and voice to mobile and web apps.
Company Name: Berkshire Hathaway. Amount donated in 2019-2020: $254,100. Donated to: Democratic Congressional Campaign Committee. Insights: Though Warren Buffett is one of the most well-known CEOs on this list, he donated the smallest amount to the election, with just over $250,000 going to the DCCC.
Amount donated in 2019-2020: $7.3 million. Donated to: Congressional Leadership Fund, NRSC. Insights: Kenneth Griffin is another hedge fund manager with a lot of money to put toward political causes — in this case, more than $7 million to right-leaning organizations.
Insights: Dustin Moskovitz is one of the founders of Facebook and enjoys a net worth in the neighborhood of $16 billion. He’s used some of his vast wealth to support Democratic candidates and causes in addition to a wide variety of philanthropic endeavors. Laurene Powell Jobs. Position: Founder and president.
Amount donated in 2019-2020: $1.01 million. Donated to: America First Action, Inc. Insights: The founder and CEO of the Ultimate Fighting Championship reportedly fled Boston for Las Vegas after incurring a $2,500 debt to notorious gangster Whitey Bulger. In his new home city, he launched a career managing fighters.
The mogul sold his stake in casinos from Vegas to Macau, China, in 2018 and has used some of the proceeds to support the Trump Victory campaign. Charles R. Schwab. Position: Founder and Chairman. Company Name: Charles Schwab Corp.
Insights: Joe Kiani is the founder, chairman and CEO of Masimo Corp., a global medical technology company. Kiani favors left-leaning candidates, contributing nearly $600,000 to the Biden Victory Fund and the liberal AB PAC.
The maximum amount someone can directly give to the Biden campaign would be $5,600 ($2800 for the primary and $2,800 for the general). Central to the Facebook post's claim that Buffet made a huge political contribution to the Biden campaign in exchange for stopping Keystone XL is the belief that Buffett does not support the pipeline.
An August 20, 2020 article on cnbc.com, "Why Warren Buffett is betting on energy pipelines even as climate fears, and renewables, are rising, focused on Buffett's support of such pipelines, in general. It mentioned how he had recently spent "near-$10 billion to buy gas pipeline assets and related debt.".
Keystone XL would have transported crude oil from Alberta, Canada to refineries on the Gulf of Mexico. President Joe Biden on his first day in office, January 20, 2021, rescinded the construction permit needed to complete the pipeline as part of his effort to address climate change.
There weren't any large contributions to Biden's campaign made by groups associated with Buffett , according to Alex Baumgart, an individual contributions researcher at CRP. Baumgart wrote in a January 28, 2021 email to Lead Stories that the size of the political contribution stated in the Facebook post was puzzling.
Warren Buffet [t] owns the railroad that is now transporting all that oil. Warren Buffet [t] donated 58 million to Biden campaign. Warren Buffet [t] would lose billions in transport fees if the pipeline is completed. See how politics works?
Did Warren Buffett make a $58 million political contribution to Joe Biden's presidential campaign because a railroad the billionaire owns would have financially suffered if Biden allowed the Keystone XL pipeline to be completed? No, that's not true: Federal political contributions records show that Buffett gave no money to the Biden campaign.
Renaissance Technologies director Henry Laufer and his wife, Marsha, together contributed $4 million to back Biden. Stewart Bainum Jr., the chair of Choice Hotels International , gave $2 million to the Unite the Country political action committee.
President-elect Joe Biden announced he was running for president in April 2019 and has raised a total of $1.3 billion so far, according to OpenSecrets. This amount includes donations to his official campaign committee and outside groups like single-candidate super PACs and hybrid PACs or Carey Committees.
Biden supporters may also give to joint fundraising committees set up for the presidential campaign and the Democratic National Committee like the Biden Victory Fund and Biden Action Fund.
Phillip Ragon, Intersystems Corporation - $2.5 Million. Also known as "Terry," Ragon is the founder and CEO of private healthcare software company Intersystems. He and his wife, Susan, have signed The Giving Pledge. He gave to the American Bridge 21st Century political action committee.
The founder and chief investment officer of hedge fund Paloma Partners, Sussman has been a longtime major donor to Democrat candidates. He gave to the Priorities USA Action and Pacronym political action committees.
Mandel founded hedge fund Lone Pine , which has an excellent long-term track record. He was among the top 10 highest paid hedge fund managers in 2019, with an income close to $1 billion. He gave to the American Bridge 21st Century political action committee.
Millions of dollars have come into the PAC from the affiliated Priorities USA nonprofit, but since it doesn't disclose donors, it's known as a "dark money" group and we can't be certain who contributed to it.
Buffett has a net worth of $80 billion, according to Forbes.
Reuters (L) | CNBC (R) Democratic nominee Joe Biden told donors during a virtual fundraiser on Wednesday that he had just spoken to influential billionaire investor Warren Buffett.
Still, Buffett did have a strong relationship with former President Barack Obama. Buffett held fundraisers for Obama, and the billionaire investor received the Medal of Freedom later in the president’s first term. VIDEO. 3:07.
Buffett hasn’t contributed to Biden’s campaign for president this cycle, according to the nonpartisan Center for Responsive Politics. He has, however, given to the Democratic Congressional Campaign Committee and Democratic Arizona Senate candidate Mark Kelly’s campaign.
Key Points. Democratic nominee Joe Biden told donors during a virtual fundraiser on Wednesday that he had just spoken to influential billionaire investor Warren Buffett. Biden told contributors that he and Buffett spoke on America’s opportunity “to lead the whole damn world in a way that no one else can,” according to a press pool report.
Company Name: Berkshire Hathaway. Amount donated in 2019-2020: $254,100. Donated to: Democratic Congressional Campaign Committee. Insights: Though Warren Buffett is one of the most well-known CEOs on this list, he donated the smallest amount to the election, with just over $250,000 going to the DCCC.
Insights: Stephen Schwarzman is one of the most generous Republican donors, pumping in million dollars to foundations such as the Trump Victory fund. Personally worth more than $18 billion, Schwarzman co-founded investment firm Blackstone, which is now the largest buyout firm in the world. 35/37.
After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.
Donated to: Biden Victory Fund. Insights: In addition to being the CEO, Jeff Lawson is the co-founder of cloud communications platform Twilio , which adds video, messaging and voice to mobile and web apps. He's also an active supporter of Democratic causes, contributing more than $600,000 to the Biden Victory Fund.
Insights: Steve Wynn is a legend in Las Vegas, where he operated several notable hotels before building Wynn Las Vegas. The mogul sold his stake in casinos from Vegas to Macau, China, in 2018 and has used some of the proceeds to support the Trump Victory campaign. 27/37.
Insights: Joe Kiani is the founder, chairman and CEO of Masimo Corp., a global medical technology company. Kiani favors left-leaning candidates, contributing nearly $600,000 to the Biden Victory Fund and the liberal AB PAC. 4/37. Tiago Petinga/Epa/REX/Shuttersto / Tiago Petinga/Epa/REX/Shuttersto.
Insights: S&B Engineers and Constructors operates mining, oil and gas, and construction businesses based in Houston. The chairman of the board, James G. Slaughter, is a Republican booster — to the tune of more than $1 million in 2019-20. 13/37.
Forbes mined roughly 2.5 million entries in the Federal Election Commission database and found that almost 20% of American billionaires have donated—either directly or through their spouse—to the campaign committees of Democrats running for president. Ninety-one billionaires donated in their own names.
Notable backers: Len and Emily Blavatnik, Neil Bluhm, Judy Dimon (wife of Jamie Dimon), Meg Whitman. Bluhm, a Chicago real estate and gambling tycoon, hosted a Biden fundraiser at his home in September. Elizabeth Warren and Bernie Sanders “don’t represent the Democratic Party” that he supports, the billionaire said at the time, ...
We found 22 billionaires who did not give any money but are married to people who did. By the close of the latest fundraising period, on September 30, 2019, Kamala Harris, Joe Biden, Pete Buttigieg and Cory Booker each counted at least 40 billionaires or spouses of billionaires among their backers. Call it the billionaire horse race, as candidates ...
A billionaire himself, Steyer has contributed $47.6 million of his own money to his campaign, which means that he’s gotten only about $2 million from other donors, including three Fishers, all heirs to the Gap fortune. A month before Steyer declared his candidacy, his wife, Kat Taylor, donated to Jay Inslee’s campaign.
Notable backers: Barry Diller, Jonathan Gray, Stanley and Karen Hubbard, Lynda Resnick. Broadcasting billionaire Stanley Hubbard and his wife, Karen, who typically donate to Republicans, pitched in for the senator from Minnesota. Read more about Klobuchar’s donors here.
Notable backer: Marta Thoma Hall (wife of David Hall) Federal filings show that the billionaire basher received a negligible $470 from Marta Thoma Hall, the wife of billionaire Velodyne founder David Hall. After Forbes notified the Sanders’ camp of the contribution, the campaign said he won’t be keeping the money.
Yang welcomed Twitter CEO Jack Dorsey to the Yang Gang on his own platform after he made a contribution in March, tweeting, “More people join the #YangGang all the time.”