Energy & Fuel

Rockefeller Oil Heirs Find Dumping Fossil Fuels Improved Bottom Line

"Five years ago, members of the Rockefeller family walked away from the fossil fuels that made them rich, alarmed that burning oil and gas was causing climate change. Now it also seems like a smart financial move. The $1.1 billion Rockefeller Brothers Fund — largely free of oil and gas — has outpaced financial benchmarks, defying predictions of money managers."

Source: Washington Post, 05/11/2020

"Trump Administration Agrees To Help Wind Farms With Subsidy Tweak"

"The Trump administration on Thursday agreed to change rules governing key renewable energy tax credits, a win for wind farm owners seeking more time to claim the subsidies because new projects have been stalled by the global coronavirus pandemic."

Source: Reuters, 05/11/2020

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