«Oil of Russia», 23.09.14, Moscow, 16:26 Heirs of the Rockefeller family, earn huge fortune on oil, intend to sell its assets related to fossil fuels, and to invest in clean energy, as reported by Armenpress, this transmits the BBC.
Representatives of the Rockefeller Brothers Fund announced this Monday, the day before the one-day UN summit on climate change, which will take place on September 23 in New York. While the fund will save about 6% of its assets in fossil fuels, but over time, these investments will be reduced to zero.
However, the Rockefeller Brothers Fund in an alliance of investors who have decided to get rid of the deposits of fossil fuels in the total amount more than $ 50 billion, includes 180 organizations and 650 individuals. They have taken this step as part of an international initiative Global Divest-Invest, which a few years ago came up with American students, according to New York Times. Global Divest-Invest – economic platform, which can be used to withdraw their assets from the industries associated with “dirty” minerals, and then invest in environmentally-friendly projects.
Since the beginning of 2014 the volume of investments, which foundations, religious organizations and universities decided to switch to environmentally friendly projects doubled.
Director of the Rockefeller Brothers Fund Steven Heinz said that this strategy corresponds to the vision of oil tycoon John D. Rockefeller. “We are convinced that, if he were alive today, as a responsible businessman, caring about the future, he would stop the business associated with minerals and would invest in renewable energy,” – said Heinz.
The Foundation was established sons of John D. Rockefeller in 1940. By July 31, 2014 the amount of the fund’s assets estimated at $ 860 million.
On Tuesday, as part of the UN General Assembly held a one-day summit on climate change, which will be attended by heads of states and governments of 125 countries. This is the first such conference such a high level after the Copenhagen meeting ended in failure in 2009. Read more at http://www.oilru.com/news/427571/
Source: Armenpress News
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