The post falsely claimed that Buffett donated $58 million to President Joe Biden’s campaign and that Biden canceled the Keystone XL pipeline as a favor.
Mar 13, 2021 · 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 Pipeline.
Feb 02, 2021 · did buffett donate to biden? The first claim in these posts is that Warren Buffett, the American business tycoon and billionaire, donated $58 million to Joe Biden’s 2020 campaign.
In fact, the charity was among the biggest recipients of his most recent stock donation . When Buffett donated roughly $2.9 billion in 2020, most of the money went to the Bill & Melinda Gates Foundation, according to Reuters.
Anyone who sees how much Warren Buffett has donated to charity can attest that the “Oracle of Omaha” is already making good on his pledge to give away more than 99 percent of his wealth to philanthropic efforts.
According to the report, Buffett didn't make any contributions to Biden’s 2020 presidential campaign. Also, he didn't make any individual contributions in 2020.
While many speculated on the timing of Buffett's resignation from the Bill and Melinda Gates Foundation's board, which comes amid allegations of sexual misconduct on the part of Bill Gates, the Omaha billionaire still supports the Gates Foundation. In fact, the charity was among the biggest recipients ...
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.
He has, however, given to the Democratic Congressional Campaign Committee and Democratic Arizona Senate candidate Mark Kelly’s campaign. The billionaire investor has previously told CNBC he’s not a card-carrying Democrat, pointing out that he’s voted for Democratic candidates and Republican candidates over the years.
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 ...
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.