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

Rockefellers, Heirs to Oil Fortune, To Divest Charity From Fossil Fuels [1]

"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. [2]

Activism [3]
Climate Change [4]
Economy & Business [5]
Energy & Fuel [6]
National (U.S.) [7]
Public [8]
Source: NY Times [2], 09/22/2014
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Source URL:https://www.sej.org/headlines/rockefellers-heirs-oil-fortune-divest-charity-fossil-fuels

Links
[1] https://www.sej.org/headlines/rockefellers-heirs-oil-fortune-divest-charity-fossil-fuels [2] http://www.nytimes.com/2014/09/22/us/heirs-to-an-oil-fortune-join-the-divestment-drive.html?ref=energy-environment [3] https://www.sej.org/category/topics-beat/activism [4] https://www.sej.org/category/topics-beat/climate-change [5] https://www.sej.org/category/topics-beat/business [6] https://www.sej.org/category/topics-beat/energy [7] https://www.sej.org/category/region/national [8] https://www.sej.org/taxonomy/term/81