By Rachel Koning Beals Dec. 19, 2020
The Rockefeller Foundation, a 107-year-old philanthropy built by oil tycoon John D. Rockefeller, says it will completely break with the fossil-fuel industry that seeded its wealth.
The $5 billion endowment is pledging to drop its fossil fuel holdingsUSO and, notably, is promising to avoid new investments in the sector, its leadership told CNN in an interview.
The pledge makes the Rockefeller Foundation the largest U.S. foundation to join this divestment movement in the interest of slowing man-made climate change’s negative effects on coastlines and in contributing to weather extremes. Read more HERE.
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