Political Junky
Gold Member
- May 27, 2009
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Woo hoo, this is BIG.
Cookies must be enabled. The Australian
IN 1862, a young John Rockefeller invested in the promising new industry of oil refining, thus beginning an enterprise that made him the richest man who had ever lived.
Now, descendants of America’s greatest oil baron have announced a plan to abandon the black gold and invest instead in renewable energy.
Representatives of the Rockefeller Brothers Fund, whose trustees include the oil baron’s last surviving grandson and several great-grandchildren, made the announcement in Manhattan on the eve of an international summit on climate change at the United Nations.
“John D Rockefeller, the founder of Standard Oil, moved out of whale oil and into petroleum,” said Stephen Heintz, president of the fund, which is worth $US850 million. “We are quite convinced if he were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in renewable energy.”
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Cookies must be enabled. The Australian
IN 1862, a young John Rockefeller invested in the promising new industry of oil refining, thus beginning an enterprise that made him the richest man who had ever lived.
Now, descendants of America’s greatest oil baron have announced a plan to abandon the black gold and invest instead in renewable energy.
Representatives of the Rockefeller Brothers Fund, whose trustees include the oil baron’s last surviving grandson and several great-grandchildren, made the announcement in Manhattan on the eve of an international summit on climate change at the United Nations.
“John D Rockefeller, the founder of Standard Oil, moved out of whale oil and into petroleum,” said Stephen Heintz, president of the fund, which is worth $US850 million. “We are quite convinced if he were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in renewable energy.”
<more>