Oil Barons of Yore Divesting their Interests

Posted by Susan Veligor on September 30, 2014

The New York Times reported last week that the Rockefeller Brothers Fund, which is the Rockefeller family’s $860 million charitable organization, will divest itself of fossil fuel holdings following a movement that began on college campuses two years ago. The Rockefeller brothers amassed much of their vast wealth from The Standard Oil Company which they co-founded back in 1870.

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