Rockefeller heirs dump fossil fuels

The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a total of $50 billion from fossil fuel investments as part of a global effort to halt global warming. It’s called the Global Divest-Invest coalition, and it will announce new pledges and members one day before 120 heads of state address the United Nations. Stephen Heintz, an heir of Standard Oil tycoon John D. Rockefeller, said the move to divest away from fossil fuels would be in line with his 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.

Stephen Heintz, in a statement

In the beginning, the divestment movement was led by small organizations. Since January, some larger entities, including Stanford University, have announced they would divest their endowments from fossil fuels.

We can no longer continue feeding our addiction to fossil fuels as if there is no tomorrow, for there will be no tomorrow.

Archbishop Desmond Tutu of South Africa

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