Buffett and Nuclear Nonproliferation

January 4, 2011 at 9:22 PM

Warren Buffett is starting to see returns on $50 million dollars he donated to stop proliferation of nuclear weapons, Time reports:

On Dec. 5, the International Atomic Energy Agency (IAEA) unanimously approved the creation of a nuclear fuel bank overseen by the U.N. that would offer countries that agree to pursue nonmilitary nuclear programs a guaranteed source of fuel for their atomic reactors.

With such a fuel bank available, countries like Iran could no longer justify the construction of uranium enrichment facilities which most see as truly intended for weapons development.

The fuel bank may never come to be, and even if it does skeptics argue it will not slow nuclear weapons proliferation. Maybe, maybe not. But this seems like the kind of creative, risk-taking, big-idea philanthropy we should be glad to see the ultra-rich investing in.

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Entry filed under: Big Donors.

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