Canada: Bill Bennett's Last Stand? :: News :: thetyee.ca

A 61-year-old oil industry consultant, [Wilf] Hanni practices a unique brand of right-wing rural populism: he chides Bennett for not being a real conservative, then attacks "big business" for stealing our rivers; he demands the minimum wage be raised to $10 dollars, and in the next breath mocks the Liberals for "buying into the whole climate change theory."

Wesco's Annual Shareholder Meeting (WSC) -- GuruFocus.com

Munger spoke at length about global energy. In past meetings, he has said that he is not concerned about global warming and that society would learn to deal. A few years ago, he said that if water levels rose in Florida, people would merely move inland.

According to Munger, ethanol is one of the "stupidest" ideas ever. It causes a rise in food costs, which hurts the poor. Cap & trade is "insane". The Chinese "spew" out more hydrocarbons and won't stop. He is afraid we will use hydrocarbons too quickly. They are also important in the use of fertilizers.

What he is bullish on is solar and wind energy. According to Munger, Iowa gets 20% of its energy from wind. He said that people should listen to Freeman Dyson and not Al Gore. Freeman Dyson is a famous physicist who is skeptical of man's affect on global warming. (For more, see Go Green With Socially Responsible Investing.)