Rockefeller Family Decides It Has Made Enough Money On Oil

Now, it will take that money and try to make even more money in less-environmentally-destructive ways.

By the end of this year, the Rockefeller Brothers Fund will reduce its investment in coal and tar sands to less than 1% of its total portfolio.

The second step in its plan involves first studying its remaining exposure to fossil fuels and then determining a more detailed plan to divest itself of holdings "as quickly as is prudent over the next few years," according to a statement on the fund's website.

Rockefeller Fund Seeks to Shed Fossil-Fuel Investments [WSJ]