The bottom line is that PacifiCorp's Klamath dams are beginning to hurt our bottom line.
The economics are clear: re-licensing these dams could cost Berkshire shareholders $415 million, which may be hundreds of millions more than simply removing them.
Struggling commercial fishermen, California's three largest Native Tribes, Oregon's largest Native Tribe, fishing and rafting guides, ranchers and farmers, and conservation groups have all agreed on Klamath dam removal, yet PacifiCorp pursues re-licensing. It's time for Berkshire Hathaway to tell its subsidiary that the Klamath dams are a costly liability we can't afford to keep.
The Klamath is truly one of America's great rivers. Berkshire shareholders have the opportunity to save this national legacy, and make a sound business decision. Let's remove PacifiCorp's Klamath dams.
Send an email to Warren Buffett | Read the economics | Klamath dams in the press
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