Rockefeller Foundation, Created By Oil, Ditches Oil Investments

The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of the Rockefeller Foundation, Rajiv Shah, told CNN in an interview published on Friday. Funds for the creation of the $5-billion foundation initially came from the oil money of Rockefeller and the company Standard Oil he founded at the end of the 19th century. The Rockefeller Foundation is the latest investor to commit to divesting from fossil fuels as a growing number of institutional…