'Oil has no place in our future': Rockefeller fund returns shine after ditching fossil fuels

Cecilia Keating
clock • 4 min read

Rockefeller Brothers Fund announces that its investment portfolio has exceeded expectations and industry averages in the five years since it divested from fossil fuels

The returns from a $1.1bn fund managed by the heirs of the billionaire founder of Standard Oil have oustripped industry averages, despite their decision to divest from fossil fuels five years ago. A...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

Rio Tinto's AGM highlighted the power of shareholder activism

Rio Tinto's AGM highlighted the power of shareholder activism

An activist investor reflects on a 'moving' and 'humbling' annual general meeting dominated by ESG-related enquiries

Louisiana Salge, EQ Investors
clock 09 May 2024 • 3 min read
Green Finance Institute launches green mortgage training programme

Green Finance Institute launches green mortgage training programme

New certificate aims to help accelerate roll out of green mortgages that promise to boost rate of green home improvements

James Murray
clock 09 May 2024 • 3 min read
Eat It Up: Hubbub offers £60,000 in funding to six food waste innovators

Eat It Up: Hubbub offers £60,000 in funding to six food waste innovators

Charity invites innovators with creative solutions to curbing food waste to apply for second Eat It Up Fund

Stuart Stone
clock 08 May 2024 • 3 min read