Rockefellers switching to clean energy investments

Who the hell is gonna buy all this coal Abbott wants to dig up?

Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say. 

The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50 bn (£31 bn) in fossil fuel assets. 

The announcement will be made on Monday, a day before the UN climate change summit opens on Tuesday. 

Some 650 individuals and 180 institutions have joined the coalition. It is part of a growing global initiative called Global Divest-Invest, which began on university campuses several years ago, the New York Times reports. 

Pledges from pension funds, religious groups and big universities have reportedly doubled since the start of 2014. more