Buffett made a $34 billion dollar investment in the Burlington Northern Santa Fe railroad (BNSF) one year after Obama was elected. Yet there is another side to Warren Buffett. The Keystone pipeline. Warren Buffet would lose billions in transport fees if the pipeline is completed. Biden’s executive order would follow almost exactly 4 years to the day since outgoing president Trump did the opposite, when he signed an executive order that advanced construction of the Keystone XL and Daokta access pipelines, putting a spoke, so to say, in the train wheels of Warren Buffett’s train-based oil transportation quasi-monopoly. It is not an environmental issue, it is a money issue… Claim: Warren Buffet donated $58 million to the Biden campaign to insure his BNSF railway would not face oil delivery competition from the Keystone XL pipeline. The XL shutdown is nothing more than a payoff to two Biden donors. Summary of eRumor: Burlington Northern Santa Fe Railroad (BNSF), owned by President Obama-backer Warren Buffett, would lose billions of dollars in oil freight if the Keystone XL Pipeline were approved. President Barack Obama's decision to withhold approval of the Keystone XL pipeline will hugely benefit one of his largest supporters - Warren Buffett. ... What is the impact of the shutdown of the Keystone pipeline on our neighbors to the north? Warren Buffet donated 58 million to Biden campaign. Billionaire Warren Buffett and other major donors to Democratic candidates clearly benefit from an end to Keystone XL. Buffett previously has voiced public support for the Keystone XL pipeline. On Friday, The Associated Press reported on stories circulating online incorrectly asserting billionaire Warren Buffett donated $58 million to President Joe Biden’s campaign, so Biden canceled the Keystone XL pipeline as a favor to him. He is a cutthroat, manipulative investor who loves, loves, loves to contribute to politicians, the Democratic Party, and PACs that will do his bidding, which brings us to the fortune he will make with Joe Biden killing the Keystone Pipeline. The top two winners when the pipeline was stopped: Warren Buffett, who owns the trains that will carry the fuel, and China, who will now buy most of that fuel. Warren Buffett did not donate to Biden’s presidential campaign, nor did he endorse him. BNSF essentially invented the business of carrying crude oil by rai Their methods of transportation, from rail lines to semi-trucks, benefit from the diminished effectiveness of the pipeline. Some conservative commentators had suspected Buffett of financing anti-pipeline groups so that BNSF Railway, Berkshire’s railroad, would get more oil-related hauling business. Warren Buffet owns the railroad that is now transporting all that oil. Maybe, but based on the fact that rail is … Cancelled by Biden on first day. Foolish bottom line If the Keystone XL pipeline is blocked, will Warren Buffett profit through his railroad? The Truth: This hoax has been circling the Internet in an email that went viral. Burlington Northern Santa Fe Railroad is Why Keystone Was Not Approved-Fiction! Pipeline versus Railroad…follow the money ... Warren Buffett, aka the Oracle of Omaha because of his investing prowess. AP’S ASSESSMENT: False. See how politics works? In this Dec. 18, 2020 file photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. CLAIM: Warren Buffett donated $58 million to President Joe Biden’s campaign, so Biden canceled the Keystone XL pipeline as a favor to Buffett. Is Why Keystone was Not Approved-Fiction a payoff to two Biden donors to the north previously has voiced support. 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