Monday, 18 May 2020

Rockefeller heirs to Big Oil find dumping fossil fuels improved bottom line

Rockefeller heirs to Big Oil find dumping fossil fuels improved bottom line

Five years ago, members of the Rockefeller family walked away from the fossil fuels that made them rich, alarmed that burning oil and gas was causing climate change. Now it also seems like a smart financial move. The $1.1 billion Rockefeller Brothers Fund — largely free of oil and gas — has outpaced financial benchmarks, defying predictions of money managers.

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