Rockefeller family is exiting the oil business

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Rockefeller family is exiting the oil business

Post by Ria on Sat Mar 26, 2016 5:50 am



After 146 years, Rockefeller family is exiting the oil business

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).

"While the global community works to eliminate the use of fossil fuels, it makes little sense -- financially or ethically -- to continue holding investments in these companies," the fund said on Wednesday in a statement. "There is no sane rationale for companies to continue to explore for new sources of hydrocarbons."
For the full article:
http://www.cbsnews.com/news/rockefeller-family-is-exiting-the-oil-business/

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Re: Rockefeller family is exiting the oil business

Post by Tonz on Sat Mar 26, 2016 1:19 pm

Interesting, if true what are they looking towards replacing it with? Are they down sizing or pushing into another direction. . the ''Rockies'', have being helping to control the world for so long now , for themselves, would this mean something?


Last edited by Tonz on Sun Mar 27, 2016 3:07 pm; edited 2 times in total

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Re: Rockefeller family is exiting the oil business

Post by Spiral on Sat Mar 26, 2016 1:51 pm

Paradigm shift around the corner ?
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Re: Rockefeller family is exiting the oil business

Post by Tonz on Sun Mar 27, 2016 3:10 pm

lol! I had to google ,Paradigm!

Yes but a change to what,And who's blood will be spilt to achieve it?

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