Rockefellers Divesting From Big Oil

Posted by Mike Confino, September 23, 2014


The Rockefeller family is divesting some of its massive fortune from fossil fuels, the New York Times reported on Sunday. The Rockefeller Brothers Fund, the family’s charitable arm, will announce the landmark move in a video conference on Monday along with 49 other foundations.

According to USA Today, the 50 groups will divest from 200 major oil and gas companies.

The Rockefellers are especially noteworthy given their family history. Patriarchs John D. Rockefeller and William Rockefeller amassed their fortunes while working in their oil industry. The Rockefeller brothers were co-founders of the Standard Oil Company, the world’s largest oil refiner at the time.

via Rockefellers Divesting From Big Oil.

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