The American family that built the world’s biggest oil empire is going green

See the original posting on The Verge

The name “Rockefeller” is basically synonymous with capitalism and oil, ever since family patron John D. Rockefeller founded Standard Oil in 1870 and went on to become the first billionaire in American history. Now the heirs of that sizable fortunate are doing a 180: the Rockefeller Brothers Fund, a philanthropic organization with investments worth $860 million, announced plans today to divest the from the majority its holdings in fossil fuels over the coming years. The fund will begin by reducing its investments in two major polluting energy sources — coal and tar sands — to less than one percent of its entire portfolio by the end of this year, then sell-off any remaining fossil fuel investments “as quickly as is prudent” over the…

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