David Sokol

Turning China green: Li Lu's case for optimism

April 7, 2011: 10:46 AM ET

China will grow on a scale the world has never seen before. Can that growth be green?

An operating power plant in China.

Image via Wikipedia

The environmental consequences of China's economic growth are both well-known and horrifying: more cars, more coal and more toxic crud fouling its streams and rivers. Less appreciated are the reasons for hope.

"This is a critical year, really a transformational moment," says Li Lu, the chairman of Himalaya Capital Management and a leading candidate to take over for Warren Buffett when the investing guru eventually retires.  (Li's chances improved recently when leading rival David Sokol parted ways with Berkshire Hathaway (BRKB).) More

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