It’s been a really rough few days for ExxonMobil, the world’s largest publicly traded oil and gas company.
First, on Wednesday, the Rockefeller Family Fund announced it would divest from the oil giant, saying it would “eliminate holdings” of Exxon Mobil Corporation (XOM.N) “effective immediately,” asserting that the company associated with the family fortune has misled the public about the risks of climate change.
Because of the long-established threat posed to the planetary ecosystem by fossil fuel extraction and use, the fund said “there is no sane rationale for companies to continue to explore for new sources of hydrocarbons.”
Man! Rockefeller Family Fund sells all Exxon stock, citing company’s ‘morally reprehensible conduct.’#exxonknewhttps://t.co/S7uwXsI26V
— Bill McKibben (@billmckibben) March 24, 2016
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5 comments:
Do not care what the Rockefeller Family Fund thinks of anything!
The only moves they make with money is to increase profits!
They are getting out of the oil business because the average citizen in no longer being gouged and financially raped by highly inflated fuel costs. Don't believe they are getting out because of some soul searching. The Rockefeller's have never had a soul.
The Rockefeller's are either liars or clueless.
Old J.D. Must be rolling in his grave! Hard to believe the current clan would renounce the family legacy.
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