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 

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…

Thank you for reading Climate & Capital Media

Create your free account to continue reading this article

Climate & Capital Media is a global media organization that promotes the broad exchange of information about the business and finance of climate change. We’re committed to informing and motivating leaders to take bold action to build a sustainable and just economy.

Don't have an account? Register now!