'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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Resilience and patience will be crucial for securing 'just transition' financing in developing countries

Resilience and patience will be crucial for securing 'just transition' financing in developing countries

The launch of the Just Transition Mechanism at COP30 provides political momentum - but momentum alone will not deliver the financing required, writes LSE's Sangeeth Selvaraju

Sangeeth Selvaraju, LSE
clock 24 December 2025 • 6 min read
Equitix snaps up 'substantial minority stake' in UK energy-from-waste firm Viridor

Equitix snaps up 'substantial minority stake' in UK energy-from-waste firm Viridor

Equitix claims deal with KKR represents 'significant additional investment' in Viridor, which operates 12 EfW plants across the UK

Michael Holder
clock 23 December 2025 • 2 min read
Government announces £22m boost to Port Talbot Transition funding

Government announces £22m boost to Port Talbot Transition funding

Additional funding takes total available to support skills programmes and local investment initiatives to over £140m

James Murray
clock 18 December 2025 • 4 min read