July 14 (Bloomberg) — Warren Buffett carries plenty of weight in any debate — even when he gets it wrong.

So as the Senate digs into the climate-change bill that passed the House of Representatives last month, it’s worth taking a hard look at how Buffett’s views on the bill went off course.

Buffett knows global warming is real and carbon emissions must be cut. But he’s worried that the bill might hurt his electric utility, Des Moines, Iowa-based MidAmerican Energy Holdings Co.

He may be right. But that doesn’t mean this is a bad bill; it may mean MidAmerican made some bad decisions.

Read the rest of the Bloomberg article here.