Rockefeller To Divest & Go Green

A name that is synonymous with the capitalism of oil, Rockefeller heirs are to change the the direction of their family business and invest into renewable energy. In a two stage process, they will begin by reducing investments in coal and tar sands, with a goal of reaching less than 1% by the end of the year, they will then be looking to divest the remaining fossil fuels ‘as quickly as is prudent over the next few years‘.Powerstaion_30

The announcement to divest from fossil fuels and invest the Rockefeller fund, currently worth £525 million, into renewable energy comes just before the UN Climate Summit where world leaders convene.