Paul Chesser, Climate Strategies Watch
How "rich" it is that 84 percent of the adult descendants of John D. Rockefeller should pressure ExxonMobil into diversifying its interests into alternative energy. The company has rewarded its investors (the Standard Oil family beneficiaries included) handsomely, but as the Wall Street Journal notes, "The well-to-do Rockefellers have embraced the eco-enthusiasms of the day, and perhaps for some of them this is one way of assuaging any guilt over a multibillion-dollar fortune built on carbon." It was Neva Rockefeller Goodwin at the podium last week who said, "As the oldest continuous shareholders of the Exxon Mobil corporation, we almost define the long-term investors."
Considering all the anti-carbon activities that the Rockefellers have invested in, you'd think they would divest themselves of theoretically unprincipled corporations like ExxonMobil a long time ago. Of course, you'd be wrong, as it's hard to part with the "second-largest quarterly profit in U.S. corporate history."
Yet the Rockefeller Brothers Fund (Vice Chairman: Neva) and Rockefeller Family Fund are pushing their agenda in every way imaginable. I've followed the work of RBF for quite a while as they have provided at least $1.5 million in funding for the Center for Climate Strategies, who advance anti-carbon policies in the states through state-created global warming commissions. The millions of dollars they funnel to other groups with similar goals is staggering.
The back pockets of "big oil," indeed.


