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Buffett Helps U.N. Agency Create Nuclear Fuel Bank


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"Spurred by a pledge of $50 million from Warren E. Buffett, the billionaire investor and philanthropist, the board of the International Atomic Energy Agency voted Friday to set up a global nuclear fuel bank that aspiring nations can turn to for reactor fuel instead of making it themselves."


“The spread of weapons of incredible destructive capability is the No. 1 problem facing mankind,” he said. The bank, Mr. Buffett added, promised to get at least “part of the genie back in the bottle.”


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