Friday, March 25, 2016

After 146 years, Rockefeller family is exiting the oil business

After 146 years, Rockefeller family is exiting the oil business

A portrait of John D. Rockefeller, taken in the mid 1930's in Ormond, Florida.
STF/AFP/Getty Images 
 
 
Heirs to the oil fortune created by John D. Rockefeller, who founded Standard Oil in 1870, are exiting the family business.

The Rockefeller Family Fund, a charity that supports causes related to the environment, economic justice and other issues, is liquidating its investments in fossil fuel companies, including Exxon Mobil (XOM).

http://www.cbsnews.com/news/rockefeller-family-is-exiting-the-oil-business/