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The Rockefeller Foundation has doubled down after launching a high-profile campaign last month to support climate solutions including a $1 billion-plus pledge ....
Over the past decade, green and socially responsible investments, aka ESG (Environmental, Social, and Governance) investing, have emerged as one of the biggest investment megatrends in modern times. For years, trillions of dollars in new global funds . ....
"The oldest oil fortune on Earth has decided that oil is not the future in any way; we re getting somewhere," a leader of one environmental group told Newsweek. ....
The Rockefeller Foundation, a 107-year-old philanthropy built by oil tycoon John D. Rockefeller, says it will completely break with the fossil-fuel industry that seeded its wealth. The $5 billion endowment is pledging to drop its fossil fuel holdingsUSO and, notably, is promising to avoid new investments in the sector, its leadership told CNN in an interview. The pledge makes the Rockefeller Foundation the largest U.S. foundation to join this divestment movement in the interest of slowing man-made climate change’s negative effects on coastlines and in contributing to weather extremes. Among other divestors, New York State’s influential $226 billion pension fund, one of the world’s largest, has said it will eliminate many of its fossil-fuel stocks in the next five years. ....
The Next Generation of Philanthropists Last Updated: Dec. 7, 2020 at 9:57 a.m. ET First Published: Dec. 7, 2020 at 9:53 a.m. ET By Penta s December 2020 cover, featuring (from top left) Valerie Rockefeller, Justin Rockefeller, Josh Lauder, Stephen Curry, Ayesha Curry, Adrian Cheng, Melinda Gates, and Bill Gates. Illustration by Gluekit; Clockwise from top left: Courtesy of Valerie Rockefeller; Courtesy of Justin Rockefeller; Mattie C. (Lauder); Kelly Sullivan/Getty Images (Curry); Giulia Marchi/Bloomberg (Cheng); Frederic Stevens/Getty Images (Gates) Email icon Rising Philanthropists, Focused On Results Increasingly, wealthy individuals are taking a strategic approach to philanthropy, aiming to achieve specific outcomes rather than simply writing a check. ....