Buffett giving $50 million to stop nuke spread [View All]

Source: Reuters

VIENNA — Saying weapons of mass destruction are the biggest problem facing mankind, billionaire Warren Buffett on Friday said he was putting up $50 million for a new initiative aimed at preventing the spread of atomic bombs as more countries seek nuclear energy.

His donation was matched by the United States and other governments, bringing the total to $150 million for the plan, which was approved by member states of the U.N. nuclear agency in Vienna on Friday.

"Throughout my lifetime I will be interested in this subject and I will back that interest up with money," Buffett told Reuters. "If the project sounds like a good one and has any real chance of reducing the probabilities of the terrible use of nuclear, chemical and biological weapons, I'm prepared to put up significant money."

"Something can come up that requires a million dollar or something can come up that requires a $100 million," he added.

Read more: http://www.msnbc.msn.com/id/40496615/ns/world_news/

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