David Rockefeller pledged to auction his collection of art, antiquities, furniture, and other personal items after his death and to distribute the proceeds to a number of charitable organizations. He made a $250 million gift to the RBF, the largest of his philanthropic bequests.
Source: The Global Fossil Fuel Divestment and Clean Energy Investment Movement 2018 Report by Arabella Advisors.
Divestment from the global fossil fuels industry has increased nearly twelve thousand percent over the last four years, a recent report from Arabella Advisors and DivestInvest finds.
In this short video, Valerie Rockefeller, the chair of the board of trustees, describes how our mission-aligned investment strategy has evolved and deepened, from divesting from fossil fuel holdings to investing in clean and renewable technologies.
New York City’s mayor and comptroller announced plans to sell $5 billion in fossil fuels from the city’s retirement funds, making it the largest American municipality to divest to date.
The director of finance for the Institute of Energy Economics and Financial Analysis and former state first deputy comptroller wrote that divesting would be an act of fiscal responsibility.
