The Rockefeller Family fund recently announced its intention to divest from fossil fuels. Why does the Rockefeller fund want to divest, and is there an investment case for fossil fuel stocks for buy-and-hold investors?
While the original Rockefeller made his fortune from oil, the Rockefeller Family Fund, which is a fund the Rockefeller family created, has evidently moved on. The fund recently said in no uncertain terms that it makes little financial sense to continue holding fossil-fuel companies. Given the statement, is holding fossil-fuel companies a mistake?
Is It Right?...
Source: The Motley Fool