Saigon
Gold Member
For years we have been hearing on this site that renewable energies only existed because of massive subsidies - an argument that has always seemed a little odd given that subsidies for fossil fuels have traditionally dwarfed those for renewables.
But now it seems even the Rockerfellers have changed teams. Possibly they are secretly in on a global socialist conspiracy run by Angela Merkell and David Cameron, or they actually see which way the wind is blowing...
From BBC...
Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.
Rockefeller Brothers Fund director Stephen Heintz said dryly that "everyone noted the irony" that a foundation built on oil wealth would now be leading the charge out of fossil fuel.
Heintz said the move to divest from fossil fuels would be in line with oil tycoon John D Rockefeller's wishes,
"We are quite convinced that if he 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," Mr Heintz said in a statement.
Actor Mark Ruffalo, who also signed the pledge, told the conference: "These are not silly people, these are people who know how to deal with money."
BBC News - Rockefellers to switch investments to clean energy
But now it seems even the Rockerfellers have changed teams. Possibly they are secretly in on a global socialist conspiracy run by Angela Merkell and David Cameron, or they actually see which way the wind is blowing...
From BBC...
Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.
Rockefeller Brothers Fund director Stephen Heintz said dryly that "everyone noted the irony" that a foundation built on oil wealth would now be leading the charge out of fossil fuel.
Heintz said the move to divest from fossil fuels would be in line with oil tycoon John D Rockefeller's wishes,
"We are quite convinced that if he 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," Mr Heintz said in a statement.
Actor Mark Ruffalo, who also signed the pledge, told the conference: "These are not silly people, these are people who know how to deal with money."
BBC News - Rockefellers to switch investments to clean energy