Rockefeller Fund divorces itself from fossil fuels
The Rockefeller Brothers Fund pledged Monday to divest itself of investments in coal and tar sands, promising to reduce that exposure to less than 1% of the total portfolio by year’s end.
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The fund is worth $860 million.
The fund was created by the children of John D. Rockefeller, Jr., a philanthropist whose father founded Standard Oil and was the richest American of all time.
http://money.cnn.com/2014/09/22/news/rockefeller-fossil-fuels/
