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Descendants of John D. Rockefeller sold their Exxon Mobil Corp. stock and plan to dump all other fossil-fuel investments in the latest move against the industry that made their fortune.
The Rockefeller Family Fund concluded there’s “no sane rationale” for companies to explore for oil as governments contemplate cracking down on carbon emissions, according to a statement on the website of the New York-based philanthropic foundation Wednesday.
originally posted by: strongfp
To ask a question to all the well read finance members, and those who know or play the market. Is this a good time to invest into smaller company's that will be manufacturing parts for Toyota, Tesla, and the corner of the mining market that is involved in what batteries require to be made.
What are your thoughts?
. . . at the urging of the Rockefeller brothers, the Port Authority agreed to build the World Trade Center. In the 1970s, critics suggested the towers No. 1 and No. 2 be called by their true names, David and Nelson.
. . . the highest profits ever recorded by any company, with net income rising 3 percent to $40.6 billion, thanks to surging oil prices.