Rockefellers Got Rich From Oil, Switching to Renewables

As the UN climate summit continues there is good news coming from it. It’s worth noting that Canada is not part of any of this good news thanks to the climate-change denying Prime Minister Stephen Harper. The “pro-corprate” Harper is actively doing the opposite of corporations: supporting renewable energy. Even Shell (of all companies!) has called for stricter carbon regulations.

Yesterday it was announced that the Rockefeller family, who made billions from oil, have changed their mind on the planet-destryoing industry. The Rockefeller Brothers Fund is divesting from all oil companies and focusing on renewable energy sources. This means that the efforts of Global Divest-Invest has helped to transfer $50 billion dollars from oil-backing to renewable-backing.

Rockefeller Brothers Fund director Stephen Heintz said the move to divest from fossil fuels would be in line with oil tycoon John D Rockefeller’s wishes,

“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,” Mr Heintz said in a statement.

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