The name Rockefeller is some circles is synonymous to the word oil, so when the heirs to the Rockefeller fortunes say they will be selling their investments in Fossil fuels and reinvest in clean energy, the energy world has to stop whatever its doing and listen
The heirs to the Standard Oil fortunes have join a coalition of up to 650 individuals across 180 institutions that have formed a Coalition of philanthropists who have pledged to divest their asset in fossil Fuel.
This will see The Rockefeller Brothers Funds divest assets worth around $50 Billion as part of a growing global initiative called Global Divest-Invest which began on university campuses several years ago.
The announcement was made Monday a day before an estimated 125 head of states and government will gather at the UN Climate Summit opens at the UN headquarters in New York,
Steven Heintz who is the director of the Rockefeller funds (which started in 1940 by the son of John D Rockefeller) in a statement said “We are quite convinced that if he were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in clean, renewable energy,”
This move b Rockefeller family is definitely a strong statement that will draw attention to clean energy as sustainable and profitable investment opportunity for the immediate future.
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04 September 2014