Heirs of Billionaire Oil Tycoon John D. Rockefeller Join Growing Fossil Fuel Divestment Movement

 

The Rockefeller family, which made their vast fortune on oil, has announced it will begin divesting from fossil fuel companies. The Rockefeller Brothers Fund is joining other foundations and wealthy individuals today to announce pledges to divest from fossil fuel companies. Together, these institutions hold over $50 billion in total assets. In a statement, Stephen Heintz, an heir of Standard Oil tycoon John D. Rockefeller, said, quote, “We are quite convinced that if he were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in clean, renewable energy.”

 

ARCHBISHOP DESMOND TUTU: It is time to change the profit incentive by demanding legal liability for unsustainable environmental practices. Encourage governments to stop accepting funding from the fossil fuel industry. Such funds erode governments’ responsibilities as managing custodians of our world. Divest from fossil fuels and invest in a clean energy future, benefiting the world’s majority. It is no longer acceptable for any of us to seek to profit from systems and industries that threaten our values. Move your money out of the problem and into solutions.

via Heirs of Billionaire Oil Tycoon John D. Rockefeller Join Growing Fossil Fuel Divestment Movement | Democracy Now!.

http://www.democracynow.org/embed/story/2014/9/22/heirs_of_billionaire_oil_tycoon_john

Published by

Jonathan Erdman

Writer. In the summers, I live and work in the incredible state of Alaska, in the bush community of McCarthy, as the Executive Director of the Wrangell Mountain Center. When not in McCarthy, you'll typically find me in the Santa Cruz Mountains of California, writing and working with local activists. My primary writing project right now is a novel set in remote bush Alaska, of the magical realism genre wherein an earnest and independent young woman finds a mysterious radio belonging to her grandmother, a device that has paranormal bandwidth and a disturbing ability to mess with one's mental stability.

Consider this post an invitation, an invitation to comment and collaborate ~ In Solidarity, JE

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.