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Old 12-12-2014, 05:53 PM  
wehateporn
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Heirs to Rockefeller oil fortune divest from fossil fuels over climate change

This was in September

Heirs to Standard Oil fortune join campaign that will withdraw a total of $50bn from fossil fuels, including from tar sands funds

Heirs to Rockefeller oil fortune divest from fossil fuels over climate change | Environment | The Guardian

"The heirs to the fabled Rockefeller oil fortune withdrew their funds from fossil fuel investments on Monday, lending a symbolic boost to a $50bn divestment campaign ahead of a United Nations summit on climate change.

The former vice-president, Al Gore, will present the divestment commitments to world leaders, making the case that investments in oil and coal have an uncertain future.

With Monday?s announcement, more than 800 global investors ? including foundations such as the Rockefeller Brothers, religious groups, healthcare organisations, cities and universities ? have pledged to withdraw a total of $50bn from fossil fuel investments over the next five years.

The Rockefeller Brothers Fund controls about $860m in assets, said Beth Dorsey, the chief executive of the Wallace Global Fund and the Divest-Invest movement, which has led the divestment campaign. About 7% are invested in fossil fuels."

Continued Heirs to Rockefeller oil fortune divest from fossil fuels over climate change | Environment | The Guardian

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