Excerpt: "John D. Rockefeller built a vast fortune on oil. Now his heirs are abandoning fossil fuels."
Stephen Heintz, left, with Valerie Rockefeller Wayne and Steven Rockefeller on Tuesday. (photo: Hiroko Masuike/NYT)
Rockefellers Said to Be Done With Fossil Fuels
22 September 14
ohn D. Rockefeller built a vast fortune on oil. Now his heirs are abandoning fossil fuels.
The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the divestment movement that began a couple years ago on college campuses.
The announcement, timed to precede Tuesday’s opening of the United Nations climate change summit meeting in New York City, is part of a broader and accelerating initiative.
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