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Rockefellers to sell oil investments

And switch to clean energy

Redazione Ansa

(ANSA) - New York, September 22 - On the eve of the UN Climate Summit opening Tuesday in New York, heirs to the Rockefeller family announced they will sell investments in fossil fuels to reinvest in clean energy.
    The family's vast fortune was built on Standard Oil.
    The Rockefeller Brothers Fund is joining a philanthropic movement pledging to get rid of a reported 50 billion dollars in fossil fuel assets.
    Some 180 institutions have joined the coalition over the past few years as part of a global initiative called Global Divest-Invest, which reportedly kicked off on university campuses.
    The UN climate change summit Tuesday will be attended by 120 heads of State and government.
    It will vie to fill a near-empty fund to help the poor.
    The Green Climate Fund is aimed at helping developing nations with plans to curb growing greenhouse gas emissions and confront heat waves, floods and rising seas in key efforts to fight global warming.
    Pledges however are reportedly expected to fall short of hopes to raise 15 billion dollars this year.
   

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