The Rockefeller Foundation decided to transfer assets from oil and coal companies

Rockefeller Family Fund (RFF) has announced its intention to “as soon as possible” to get rid of assets in companies that produce fossil fuels, including the largest oil company ExxonMobil. The statement published on the official website of the Fund.

“At a time when the international community is working to eliminate the need to use fossil fuels, there is no sense - either financially or ethically - continue to maintain investments in these companies,” - said in a statement.

Also, the fund emphasizes that now there is no good reason to continue the exploration of new hydrocarbon deposits. Moreover, as stressed by RFF, most of the already explored reserves must be left in the ground to “give hope for the survival of mankind and ecosystems in the coming decades.”

24 March 2016

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