fossil fuel – Billie's Back Porch

December 30, 2020

Rockefeller Foundation built on a fossil-fuel fortune becomes largest philanthropist to shun oil investments

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…

September 30, 2020

An oil giant’s epiphany on climate change

BP’s slow shift to clean energy since the Deepwater Horizon spill is picking up speed, perhaps setting an example for the petroleum industry. By the Monitor’s Editorial Board One of the pandemic’s economic effects has been a drop in demand for oil. Yet once the global economy recovers, will oil demand go back up? Some experts…