The Rockefellers blaze a new path to profits…in fossil-free investments 

Climate Economy

The Rockefellers blaze a new path to profits…in fossil-free investments 

by Blair Palese | Jul 09, 2020

Exactly 150 years after John D. Rockefeller founded Standard Oil, his heirs want you to know that for the future, oil spells disaster   Five years ago, the board of the Rockefeller Brothers Fund (RBF) announced that they would begin divesting their $860 million portfolio of fossil fuels and instead focus on climate-friendly energy and other fossil free alternatives. At the time, the shift made big headlines, and is now seen as the catalyst for the cascade of subsequent institutional divestment from coal, tar sands, oil and gas.  When announced, climate…

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