Rockefellers to divest fossil fuel assets

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The Rockefeller Family Fund has said that it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp
Though only a sliver of the endowment's modest $US130 million ($171 million) in assets is invested in fossil fuels, the move is notable because a century ago John D. Rockefeller Snr made a fortune running Standard Oil, a precursor to Exxon Mobil. The charity said it would also divest from coal and Canadian oil sands.
In late 2014, another fund associated with the family, the Rockefeller Brothers Fund (RBF), said it would divest from fossil fuels.
Rockefeller Family Fund divests from fossil fuels, which built family's fortune

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