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OUT OF MIND » MEMBER ADVERTISING & BLOG FORUMS » CONSCIOUSNESS OF ECONOMICS » After 146 years, Rockefeller family is exiting the oil business

After 146 years, Rockefeller family is exiting the oil business

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Consciousness Of Economic

Consciousness Of Economic
Heirs to the oil fortune created by John D. Rockefeller, who founded Standard Oil in 1870, are exiting the family business.
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 (XOM).
"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 on Wednesday in a statement. "There is no sane rationale for companies to continue to explore for new sources of hydrocarbons."
https://www.cbsnews.com/amp/news/rockefeller-family-is-exiting-the-oil-business/?fbclid=IwAR0wJK-_cik5h1PNoRo6Lmtbihzn-rTrIW_yoftoXBYk1zzmwc5h-bGjdEo

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