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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

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JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends--with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.

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