This is powerful. Fossil fuel divestment is taking off!
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