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Rockefeller Fund Dumping Fossil Fuels, Hits Exxon On Climate Issues (cnbc.com)
mdsolar quotes a report from Reuters: The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil, chiding the oil company for allegedly misleading the public about the threat of climate change. The move by the U.S. based charity, which will also include coal and Canadian oil sands holdings, is especially notable because a century ago John D. Rockefeller Sr. made a fortune running Standard Oil, a precursor to Exxon Mobil.
Given the threat posed to the survival of human and natural ecosystems, "there is no sane rationale for companies to continue to explore for new sources of hydrocarbons," the fund said. Exxon did not immediately comment. In a letter posted on its website, the Rockefeller Family Fund said Exxon's conduct on climate issues appears to be "morally reprehensible."
Given the threat posed to the survival of human and natural ecosystems, "there is no sane rationale for companies to continue to explore for new sources of hydrocarbons," the fund said. Exxon did not immediately comment. In a letter posted on its website, the Rockefeller Family Fund said Exxon's conduct on climate issues appears to be "morally reprehensible."
That would be a sound idea, were Bill Gates long dead and Microsoft stock in the toilet. We all do know that oil prices are way, way down and not going up anytime soon, right? Right? That makes this a poor performing asset and the cash raised will be put to better use elsewhere. Plus they get to lie about why they're doing it! What, you actually believe elites like the Rockefeller Foundation when they tell you something? Think critically, you dumbfuck!
Shutting down free speech with violence isn't fighting fascism. It IS fascism!