Rockefeller Fund Divests From Fossil Fuels, Slams Exxon

			MOST RECENT
Sounds Right Recognizes Nature as Musician, With Royalties Going to Environmental Causesbiodiversity
16 hours ago
Biden's Bureau of Land Management Will Offer Leasing of Public Lands for Conservationbiden administration
18 hours ago
Metal Waste Could Be Used as a Catalyst for More Sustainable Hydrogen Production, Researchers Sayclimate crisis
20 hours ago
Seychelles Beach Cleanup Shows Potential for Citizens to Tackle Marine Trashafrica
24 hours ago
From Cleanups to Concerts, EcoWatch's Guide to Earth Day 2024climate action
Climate Damage Costs Could Total $38 Trillion per Year by 2050, Study Findsclimate crisis
POPULAR
Sounds Right Recognizes Nature as Musician, With Royalties Going to Environmental Causesbiodiversity
16 hours ago
New PBS Documentary Focuses on a More Hopeful Futureclimate action
'We Have Just Arrived': Author Rick Bass on Writing and Activism in Montanaactivism
New Documentary Explores Climate Breakdown and 'Protectors' Fighting to Adaptclimate action
4 Must-Read Graphic Nonfiction Books About the Environmentclimate crisis
Birding 101: Everything You Need to Knowbiodiversity
How to Get Your Garden Winter-Readygardening
4 of the Most Picturesque Car-Free Towns in the U.S.alaska

ECOWATCH REVIEWS

Learn About Solar Energy

Learn About Deregulated Energy

Learn About Windows

<img 
							src="https://www.ecowatch.com/wp-content/themes/ecowatch/assets/img/dist/envelope.webp"
							alt="Enevelope icon."
							class="left-column__form-icon"
						/>The best of EcoWatch, right in your inbox. Sign up for our email newsletter!

Sign me up for the newsletter!

                                Rockefeller Fund Divests From Fossil Fuels, Slams Exxon
                            
			                                EcoWatch                                        
	                                                                
Mar 24, 2016 1:23AM EDTHome

				<img width="500" height="300" src="https://www.ecowatch.com/wp-content/uploads/2021/10/1278401159-origin.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.ecowatch.com/wp-content/uploads/2021/10/1278401159-origin.jpg 500w, https://www.ecowatch.com/wp-content/uploads/2021/10/1278401159-origin-300x180.jpg 300w" sizes="(max-width: 500px) 100vw, 500px" />			
The Rockefeller Family Fund will divest from fossil fuels and ditch its holdings of ExxonMobil, citing the oil giant’s “morally reprehensible” stance on climate change issues.
John D. Rockefeller, the fund’s founding father, made his fortune on Exxon’s predecessor, Standard Oil, but spokespeople for Rockefeller stated, “There is no sane rationale for companies to continue to explore for new sources of hydrocarbons.”
Why a Rockefeller Donated $400,000 in Exxon Shares to Nonprofits Fighting Climate Denial https://t.co/diwI0DwCyb @BusinessGreen @CSRwire
— EcoWatch (@EcoWatch) February 27, 2016

Fossil-fuel investments make up about 6 percent of the Rockefeller Family Fund’s $130 million endowment.
For a deeper dive: Reuters, Quartz, Bloomberg, The Guardian, Business Insider
For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.
YOU MIGHT ALSO LIKE
Bill McKibben: Fracking Has Turned Out to Be a Costly Detour
James Hansen: Dangerous Sea Level Rise Will Occur in Decades, Not Centuries
Dramatic Images Show Worst Coral Bleaching Event to Ever Hit Most Pristine Part of Great Barrier Reef
Is Bill Gates Right About GMOs?

								climate changeenergyfeatured                            

EcoWatch Daily Newsletter

Sign me up for the newsletter!
Related Articles from EcoWatch

							Conservation						

						Europe Removed Record Number of Dams and Other Barriers to River Flow in 2023
					
						Apr 17
					
							Conservation						

						Greece to Invest $830 Million for Marine Conservation 
					
						Apr 15
					
							Policy						

						Biden Admin Announces $830 Million in Grants to Strengthen U.S. Infrastructure Against Climate Change
					
						Apr 12
					
Recent Stories from EcoWatch

							Culture						

						Sounds Right Recognizes Nature as Musician, With Royalties Going to Environmental Causes
					
						16 hours ago
					
							Policy						

						Biden’s Bureau of Land Management Will Offer Leasing of Public Lands for Conservation
					
						18 hours ago
					
							Renewable Energy						

						Metal Waste Could Be Used as a Catalyst for More Sustainable Hydrogen Production, Researchers Say
					
						20 hours ago