Forum Post: Rockefellers and others annouce $50 billion divestment from fossil fuels

Hundreds of individuals, cities, institutions have joined movement aimed at orchestrating end of fossil fuel era September 22, 2014 8:54AM ET by Renee Lewis A philanthropic organization of the Rockefeller family, along with a coalition of hundreds of other institutions and individuals, have announced a total of $50 billion in divestments from the fossil fuel industry amid efforts to fight climate change, according to a report released Monday.

Stephen Heintz, head of the foundation started by John D. Rockefeller — who made his fortune in oil in the early 20th century — said he believed the divestment would be in line with the oil tycoon’s business sense. “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,” said Heintz.

The divestment announcement by the Global Divest-Invest Coalition came a day before world leaders gather at the United Nations Climate Summit in New York City to pledge actions meant to avoid the worst effects of global warming. It followed a global climate protest by hundreds of thousands of people around the world Sunday, with demonstrators calling on their governments to take action.

more>>> http://america.aljazeera.com/articles/2014/9/22/rockefeller-oil-divestment.html