Financial, market and economic news

Rockefeller Descendants Push For Banks To Stop Financing Fossil Fuel Companies

Three heirs of John D. Rockefeller are now pushing against the oil industry that made their namesake family wealthy.

About BankFWD: Daniel Growald, Peter Gill Case and Valerie Rockefeller co-founded BankFWD.

BankFWD is a “network of individuals and organizations united in the belief that by using our collective wealth and public standing, we can persuade major banks to lead on climate by phasing out financing for fossil fuels.”

The company’s website calls on people to send letters to banks, speak out publicly, invite friends to join the cause and ultimately to transfer to a different bank to reward climate leaders.

Putting Pressure on Banks: Growald and Rockefeller appeared on CNBC Friday to share what they’re pushing for.

The pair said talks start with JPMorgan Chase & Co (NYSE: JPM), the bank with the largest financing to the fossil fuel industry. While JPMorgan has committed to …

Read More

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More

Privacy & Cookies Policy