Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-03-24 12:16:00

ROCKEFELLERS SELLS OIL ASSETS

ROCKEFELLERS SELLS OIL ASSETS

THE GUARDIAN - A charitable fund of the Rockefeller family – who are sitting on a multibillion-dollar oil fortune – has said it will withdraw all its investments from fossil fuel companies.

The Rockefeller Family Fund, a charity set up in 1967 by descendants of John D Rockefeller, said on Wednesday that it would divest from all fossil fuel holdings "as quickly as possible".

The fund, which was founded by Martha, John, Laurance, Nelson and David Rockefeller, singled out ExxonMobil for particular attention describing the world's largest oil company as "morally reprehensible".

John D Rockefeller, who was the richest person in US history when he died in 1937, made his fortune from Standard Oil a precursor of ExxonMobil.

"There is no sane rationale for companies to continue to explore for new sources of hydrocarbons," the RFF, which has relatively small total holdings of $130m (£92m), said in a statement. "We must keep most of the already discovered reserves in the ground if there is any hope for human and natural ecosystems to survive and thrive in the decades ahead.

"We would be remiss if we failed to focus on what we believe to be the morally reprehensible conduct on the part of ExxonMobil. Evidence appears to suggest that the company worked since the 1980s to confuse the public about climate change's march, while simultaneously spending millions to fortify its own infrastructure against climate change's destructive consequences and track new exploration opportunities as the Arctic's ice receded."

An Exxon spokesman told CNBC: "It's not surprising that they're divesting from the company since they're already funding a conspiracy against us." The RFF denied that it was conspiring against Exxon, and a spokesman said the claim was "a complete mischaracterization of our program work".

The RFF's accusation of morally reprehensible conduct is in reference to New York state attorney general Eric Schneiderman's investigation, launched in November, into whether Exxon lied to the public and shareholders about the risks of climate change.

The investigation, which has also been taken up by California'a attorney general, follows reports that internal company documents from the 1980s and 90s show Exxon's in-house scientists were warning company executives about the dangers of climate change, while Exxon was publicly claiming that climate science was not proven.

At the time, an Exxon spokesman said: "We unequivocally reject the allegations that ExxonMobil has suppressed climate change research."

The RFF acknowledged that the family has made a lot of money from oil, "but history moves on, as it must". "Needless to say, the Rockefeller family has had a long and profitable history investing in the oil industry, including ExxonMobil," it said. "These are not decisions, therefore, that have been taken lightly or without much consideration of their import."

RFF is not the first Rockefeller family organisation to vow to divest from fossil fuels. Last year the Rockefeller Brothers Fund (RBF) said it was withdrawing all of the $45m it had invested in fossil fuels.

However, the much wealthier Rockefeller Foundation, whose endowment tops $4bn, is understood to be opposed to divestment for now.

------

Earlier:

 

ROCKEFELLERS REINVEST IN RENEWABLE
2014, September, 24, 12:34:00

ROCKEFELLERS REINVEST IN RENEWABLE

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. 

 
 
 
 
 
 

 

 

Tags: ROCKEFELLER, OIL

Chronicle:

ROCKEFELLERS SELLS OIL ASSETS
2019, January, 18, 10:25:00

BANGLADESH'S NEW ENERGY

PLATTS - Bangladesh is planning to step up efforts to liberalize its gas and LNG sectors from 2019 in order to boost private investment and enhance energy security, a move that would likely increase domestic downstream competition and affect the competitiveness of existing oil-linked LNG supply contracts.

ROCKEFELLERS SELLS OIL ASSETS
2019, January, 18, 10:20:00

NOVATEK PRODUCTION +6.9%

NOVATEK - In 2018, NOVATEK’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 35.1 million boe, or by 6.9% as compared with the twelve months 2017.

ROCKEFELLERS SELLS OIL ASSETS
2019, January, 16, 11:40:00

OIL PRICE: ABOVE $60

REUTERS - International Brent crude oil futures LCOc1 were at $60.68 per barrel at 0703 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 2 cents from their last settlement, at $52.13 a barrel.

ROCKEFELLERS SELLS OIL ASSETS
2019, January, 16, 11:35:00

GERMANY PROTECTS EUROPE

REUTERS - Germany will try to protect German and European companies from some potentially “massive collateral damage” if Washington levies further sanctions against Russia, Foreign Minister Heiko Maas said.

All Publications »