Divesting from Exxon for Moral Reasons

“The family that founded Standard Oil is disinvesting in what was their company. Let’s hope this is a first step in getting Exxon to change their business plan to preserve some of the assets for the long term while developing alternative energy sources. I regard hydrocarbons as more important for the chemical products that start easily from them than as a compact source of energy.” Michael Garrick March 26, 2016.

Rockefeller Family Fund to Divest From ExxonMobil, Says Oil Giant Is ‘Morally Reprehensible’

This article originally appeared in Alternet. It’s been a really rough few days for ExxonMobil, the world’s largest publicly traded oil and gas company. First, on Wednesday, the Rockefeller Family Fund announced it would divest from the oil giant, saying it would “eliminate holdings” of Exxon Mobil Corporation (XOM.N) “effective immediately,” asserting that the company associated…

Leave a Reply

Your email address will not be published. Required fields are marked *