25 Sep '14, 2pm

Rockefeller Oil Heirs Will Divest Fossil-Fuel Stocks From Family Funds

By Stephen Edelstein 590 views Sep 25, 2014 Reddit This! Share on Facebook Share on Twitter Oil field (Image: Flickr user johnny choura, used under CC license) Enlarge Photo A name synonymous with oil wealth for more than a century is now abandoning it. John D. Rockefeller built a vast fortune with Standard Oil, but his heirs are turning away from fossil fuels because of their role in climate change. The Rockefeller heirs will divest fossil-fuel stocks from their $860 million philanthropic organization, the Rockefeller Brothers Fund, according to a recent report from The New York Times . ALSO READ: Blood And Gore: Coal Is Becoming A Stranded Asset The announcement was timed to coincide with the United Nations climate-change summit held in New York earlier this week, which was accompanied by a massive environmentalist demonstration. The organization will become one of the l...

Full article: http://www.greencarreports.com/news/1094616_rockefeller-o...

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