Rockefellers, Heirs to Oil Fortune, To Divest Charity From Fossil Fuels

"John D. Rockefeller built a vast fortune on oil. Now his heirs are abandoning fossil fuels.

The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the divestment movement that began a couple years ago on college campuses.

The announcement, timed to precede Tuesday’s opening of the United Nations climate change summit meeting in New York City, is part of a broader and accelerating initiative."

John Schwartz reports for the New York Times September 21, 2014.

Source: NY Times, 09/22/2014