Economics Environment

Oil Tycoon Rockefeller Family is to Sell Investments in Fossil Fuels and Invest Into Clean Energy

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Oil tycoons, world dominators and heirs to the Rockefeller family, are to sell investments in fossil fuels and reinvest in clean energy.

The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than 0bn (£31bn) in fossil fuel assets. Some 650 individuals and 180 institutions have joined the coalition.

>Rockefeller Brothers Fund director Stephen Heintz said the move to divest from fossil fuels would be in line with oil tycoon John D Rockefeller’s wishes, “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,” Mr Heintz said in a statement.

[SOURCE](http://www.bbc.com/news/world-us-canada-29310475)

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“Oil Tycoon Rockefeller Family is to Sell Investments in Fossil Fuels and Invest Into Clean Energy”