Political Revolution

The Heirs Of Oil Baron John D. Rockefeller Are Dumping Fossil Fuel Investments

This is powerful. Fossil fuel divestment is taking off!

The Heirs Of Oil Baron John D. Rockefeller Are Dumping Fossil Fuel Investments

On Monday, the family whose patriarch made his fortune from Standard Oil will divest from fossil fuels.

According to the New York Times, the $860-million Rockefeller Brothers Fund — the philanthropic organization set up by the heirs of oil baron John D. Rockefeller — intends to join the growing movement of foundations, colleges, local governments, and other organizations to remove coal, oil and natural gas from their invested assets. The announcement is timed to arrive in between the massive climate march that descended on New York City on Sunday, and the United Nations climate summit that will begin in the city on Tuesday.

Jeff Spross, Climate Progress

About the author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She sometimes writes fiction about Chester (the Alpha Bichon) and his friends -- with a dash of humor and dab of Poli-Sci. JoAnn's views and insights are tinted by her past profession in Counseling, Christian theological studies, and Library and Information Science training. Retired now, JoAnn enjoys the creative life.

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