After 146 years, Rockefeller family is exiting the oil business
Key Excerpts from Article on Website of CBS
Posted: April 4th, 2016
The Rockefeller Family Fund, a charity that supports causes related to the environment, economic justice and other issues, is liquidating its investments in fossil fuel companies, including Exxon Mobil. "While the global community works to eliminate the use of fossil fuels, it makes little sense - financially or ethically - to continue holding investments in these companies," the fund said. In announcing its decision, the Rockefeller fund attacked Exxon for what it called the company's "morally reprehensible conduct," alluding to allegations that the company has hidden evidence that fossil fuels contribute to climate change. "Evidence appears to suggest that the company worked since the 1980s to confuse the public about climate change's march, while simultaneously spending millions to fortify its own infrastructure against climate change's destructive consequences and track new exploration opportunities as the Arctic's ice receded," the fund said. New York State Attorney General Eric Schneiderman is said to have launched an investigation last fall into whether Exxon misled the public and investors about ... climate risks. California Attorney General Kamala Harris is also reportedly looking into whether Exxon lied about climate change. The probes followed a report by InsideClimate News ... claiming that Exxon sought to undermine scientific evidence that pointed to the growing threat of climate change.
Note: The Rockefeller Brothers Fund announced its fossil fuel divestment in 2014. For more along these lines, see concise summaries of deeply revealing news articles on climate change and the corruption of science from reliable major media sources.