The Rockefeller oil dynasty is set to divest its charity foundation from fossil fuels, the New York Times reports. The family, whose patriarch John D. Rockefeller founded Standard Oil in 1870, will put its Rockefeller Brothers Fund — an $860 million philanthropic organization — into the same category as around 180 other institutions, including religious organizations and pension funds, which have pledged to divest any assets tied to fossil fuels in lieu of cleaner and more-sustainable alternatives. Hundreds of wealthy individuals have made similar moves.
The Rockefellers Are Pulling Their Charity Fund Out Of Fossil Fuels
iyengarrishi, Time: Business
Sun, 09/21/2014 - 11:54pm
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