Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Rockefeller fund ‘to quit fossil fuels’

    Rockefeller fund ‘to quit fossil fuels’

    September 22, 2014
    Share
    Facebook Twitter LinkedIn WhatsApp

    22 September 2014 – US-based philanthropic organisation Rockefeller Brothers Fund is poised to cut all its ties with fossil fuel industries and instead invest in clean energy, according to reports.
    The fund, founded in 1940, will on Monday unveil the plans as the UN climate change summit gets under way in New York, various media reports indicated.

    Rockefeller Brothers fundThe fund is to join the Global Divest-Invest initiative, a coalition of almost 200 institutions and more than 600 individuals that have turned their backs on fossil fuels in the search for more sustainable global societies.

    Stephen Heintz, director of Rockefeller Brothers Fund, said in a statement: “We are quite convinced that if (late US oil tycoon John D Rockefeller) were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in clean, renewable energy.”

    The fund’s permanent aims are to contribute to “a more just, sustainable and peaceful world”. Grant-making is organised around three themes: democratic practice, peace-building and sustainable development.

    The three core geographical areas of focus are New York City, southern China and the western Balkans region in Europe.

    Global Divest-Invest calls for companies, institutions and individuals to “divest from fossil fuels (and) invest in climate solutions”. Signatories include pension funds, colleagues, health services and religious institutions.
    *Eoin O’Cinneide – Upstreamonline

    Related News

    Afreximbank reaffirms financial resilience and transparency

    Kwairanga reiterates NGX’s commitment to deepening Nigeria’s capital market

    African Union agency says Fitch’s downgrade of Afreximbank is ‘flawed’

    E-book
    Resilience Exhibition

    Latest News

    ADNOC Gas takes FID and awards $5b contracts for RGD project

    June 10, 2025

    ‘Nigeria’s $5bn oil-backed loan from Aramco delayed by oil price drop’

    June 10, 2025

    Shipping firms dodge $900m cost, as Nigeria hit by empty container glut

    June 10, 2025

    Seplat to establish office in Akwa Ibom, gets govt approval

    June 10, 2025

    Afreximbank reaffirms financial resilience and transparency

    June 10, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.