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March 23, 2016 10:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pUz5NCxNjzE/rockefeller-fund-dumping-fossil-fuels-hits-exxon-on-climate-issues
Rockefeller Fund Dumping Fossil Fuels, Hits Exxon On Climate Issues
mdsolar quotes a report from Reuters: The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil, chiding the oil company for allegedly misleading the public about the threat of climate change. The move by the U.S. based charity, which will also include coal and Canadian oil sands holdings, is especially notable because a century ago John D. Rockefeller Sr. made a fortune running Standard Oil, a precursor to Exxon Mobil. Given the threat posed to the survival of human and natural ecosystems, "there is no sane rationale for companies to continue to explore for new sources of hydrocarbons," the fund said. Exxon did not immediately comment. In a letter posted on its website, the Rockefeller Family Fund said Exxon's conduct on climate issues appears to be "morally reprehensible."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pUz5NCxNjzE/rockefeller-fund-dumping-fossil-fuels-hits-exxon-on-climate-issues
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