Rockefeller Heirs Join Pledge To Divest $50 Billion From Fossil Fuels

[xchrom]

http://www.businessinsider.com/r-philanthropies-including-rockefellers-and-investors-pledge-50-billion-fossil-fuel-divestment-2014-9

22-Sep-2014 - The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a total of $50 billion from fossil fuel investments.

The Global Divest-Invest coalition will announce new pledges and members one day before 120 heads of state address the United Nations on how their countries will contribute to a global effort to halt a dangerous rise in temperatures.

Since the divestment movement launched three years ago, some 650 individuals and 180 institutions, including 50 new foundations, which hold over $50 billion in total assets, pledged to divest from fossil fuels over five years using a variety of approaches.

One of the signatories is the Rockefeller Brothers Fund. Stephen Heintz, an air of Standard Oil tycoon John D. Rockefeller, said the move to divest away from fossil fuels would be in line with his wishes.



Read more: http://www.businessinsider.com/r-philanthropies-including-rockefellers-and-investors-pledge-50-billion-fossil-fuel-divestment-2014-9#ixzz3E2lyLJEF

[merrily]

1. Good for them. I, too, diversify my many inheritances.

I crack myself up.

[surrealAmerican]

2. I wonder what that money will be invested in instead.

$50 billion could make a big difference in some places.

[newfie11]

3. I hope it's alternative energy

The world needs all the help it can get.

[candelista]

4. Maybe they've decided they can't win in the Middle East.

The endless chaos and war makes oil investment less attractive.