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.