Oil royal family, the Rockefellers, will sell their investment in fossil fuel to be transferred to the clean energy sector.
Rockefeller Brothers Fund joined with a number of parties and other world institutions that promise to shift investments from fossil oil worth US $ 50 billion.
The announcement about the efforts of transfers of shares was announced ahead of the UN summit on climate change that will begin Tuesday, September 23 in New York.
On Sunday, about 150 people in the country held rallies demanding global world governments to take action to address climate change.
A total of 650 individuals and 180 organizations joined the coalition called the Global Divest-Invest, the initiative begins on college campuses a few years ago.
The promise of a pension fund foundations, religious groups, and the world's leading universities not to invest in fossil fuels has more than doubled since the early 2014's.
Rockefeller Brothers Fund joined with a number of parties and other world institutions that promise to shift investments from fossil oil worth US $ 50 billion.
The announcement about the efforts of transfers of shares was announced ahead of the UN summit on climate change that will begin Tuesday, September 23 in New York.
On Sunday, about 150 people in the country held rallies demanding global world governments to take action to address climate change.
A total of 650 individuals and 180 organizations joined the coalition called the Global Divest-Invest, the initiative begins on college campuses a few years ago.
The promise of a pension fund foundations, religious groups, and the world's leading universities not to invest in fossil fuels has more than doubled since the early 2014's.
Director of the Rockefeller Brothers Fund, Stephen Heintz, said their decision to revoke the investment of fossil fuels in line with the wishes of oil tycoon John D. Rockefeller.
"We are very sure that he is still alive today, as an astute businessman who look to the future, he will move from fossil fuels to renewable clean energy investments," Heintz said in a statement.
Rockefeller Brothers Fund, which many engaged in charity, founded in 1940 by the sons of John D. Rockefeller and on July 31, 2014 the total investment reached US $ 860 million.
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