BBC News – Rockefellers to switch investments to ‘clean energy’

22 September 2014 Last updated at 21:21 ET

The Rockefeller Brothers Fund has assets worth about $860m
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Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50bn (£31bn) in fossil fuel assets.

The announcement was made on Monday, a day before the UN climate change summit opens on Tuesday.

Some 650 individuals and 180 institutions have joined the coalition.

It is part of a growing global initiative called Global Divest-Invest, which began on university campuses several years ago, the New York Times reports.

Pledges from pension funds, religious groups and big universities have reportedly doubled since the start of 2014.

Report, 22 September 2014 – 2000 Hrs…

Newshour

See also:

2014 GLOBAL INVESTOR STATEMENT ON CLIMATE CHANGE

(read more).

Global Climate Change
Environment Ethics
Environment Justice

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