Away from fossil sources. To the long list of funds and associations that have withdrawn their investments from oil, coal and gas-related businesses is added a name of rank: the Rockefeller Brothers Fund has announced that will divest $860 million to divert them to renewable sources.
The most resounding name of the American industrial aristocracy thus joins the "divestment movement" launched about two years ago by US universities. It is no coincidence that the announcement went around the world also due to the concomitance with the mega-demonstration on the climate in New York on Sunday and considering that a summit on the climate emergency will be held today at the UN in which 120 leaders will participate arriving from all over the world.
The fact that the descendants of John D. Rockefeller, the legendary founder of Standard Oil (from whose unpacking the majors of today were then generated) abandon black gold as a source of investment, has undoubtedly shocked public opinion. Even if, as reported by AdnKronos, a survey by Arabella Advisors, a consultancy firm that helps institutions and private investors find social alternatives for their investments, 51 billion dollars have already been moved towards more sustainable and cleaner sources. But this is still a very low figure when compared to existing investments in hydrocarbons and coal.
