Rockefellers Use $6B Fund to Force Divestment from Fossil Fuels

The Rockefeller Foundation was established in 1913 by Standard Oil tycoon John D. Rockefeller. In an ironic twist, the Foundation, which got its massive amount of money from oil drilling, announced on Tuesday that it aims to make its $6 billion endowment "net zero emissions by 2050." That makes it the largest private foundation in the U.S. with such a target. How will they do it? By pressuring the money managers it works with to divest from fossil fuel companies.

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