Heirs to Rockefeller oil fortune divest from fossil fuels over climate change

[Pimander]

The heirs to the fabled Rockefeller oil fortune withdrew their funds from fossil fuel investments on Monday, lending a symbolic boost to a $50bn divestment campaign ahead of a United Nations summit on climate change.



The former vice-president, Al Gore, will present the divestment commitments to world leaders, making the case that investments in oil and coal have an uncertain future.

With Monday's announcement, more than 800 global investors – including foundations such as the Rockefeller Brothers, religious groups, healthcare organisations, cities and universities – have pledged to withdraw a total of $50bn from fossil fuel investments over the next five years.

In addition to the Rockefellers, the World Council of Churches, which represents some 590 million people in 150 countries – also pulled its investments from fossil fuels on Monday. The move represented a turning point for a movement which began by demanding that universities purge their financial holdings of ties to the fossil fuel industry.

About 30 cities have also chosen to divest, including Santa Monica and Seattle.

"When you have the Rockefellers and the World Council of Churches and institutions with global reach coming together and divesting, then this movement which began just three short years ago has really reached a significant turning point," Dorsey said.

http://www.theguardian.com/environment/2014/sep/22/rockefeller-heirs-divest-fossil-fuels-climate-change

[burntheships]

Pim,

Very interetesting set of developments...
What they know, compared to what the public knows?

[Amaterasu]

Maybe They're getting ready for what the GA Guidestones are there for.  Some interesting recent developments there: