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Westchester's Rockefellers Say No to Oil

The Rockefeller family said it will begin divesting some of its portfolios from fossil fuel producing companies.
The Rockefeller family said it will begin divesting some of its portfolios from fossil fuel producing companies. Photo Credit: Flickr User Richard Masoner

WESTCHESTER COUNTY, N.Y. -- Westchester County's legendary Rockefeller family announced its philanthropic arm, The Rockefeller Brothers Fund, will begin divesting itself from fossil fuel-based organizations, according to The New York Times.

The Rockefeller family built its fortune from John D. Rockefeller's Standard Oil, but is part of a growing initiative to move investments away from the very thing that made the family its money. The family said it will pull close to $50 billion from portfolios and consider more environmentally friendly options, The New York Times reported.

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