Name: Fossil Free Investing Gains Steam
Uploaded: 2014-09-22
Duration: 1 min 37 s
Description: Fossil Free Investing Gains Steam

The idea of fossil free investing continues to gain popularity with the Rockefeller Brothers Fund announcing its plan to join the divestment movement. The Rockefeller Brothers Fund was built long ago on the back of Rockefeller oil money, but now the philanthropic fund is one of many groups pulling money out of coal and oil. By divesting [ UNKNOWN ] industry, we're taking a moral. The organization joins many other colleges, foundations, and rich individuals who have chosen to divest from fossil fuels, taking millions of dollars away from companies who are not producing clean, renewable energy. In fact, according to Arabella advisors, more than $ 50 Billion has been divested by more than 181 institutions and local government. Stanford University announced its coal divestment plan in May, following a campaign by the student group Fossil Free Stanford. That's an $ 18. 7 billion endowment. The debate continues at Harvard University, which, at $ 32 billion. Has the largest endowment of any American higher learning institution. Though Harvard Drew Faust said in a statement on the subject university divestment from the fossil fuel industry is not warranted or wise. As for individual investors looking to do more clean energy investing, Fossil Free Indexes is hoping to fill that niche by partnering with an asset management firm to offer the index to more people. The broader issue of climate change is a bigger issue than ever. Sunday more than 300, 000 people marched through the. Streets of New York in the largest ever climate change rally